Eelpower Energy Acquires 50 MW / 200 MWh Silkstead BESS Project near Winchester from Balanced Grid Works
Eelpower Energy has completed its fifth asset acquisition: the 50 MW / 200 MWh Silkstead battery energy storage project near Winchester from Balanced Grid Works. Construction is scheduled for 2027 with commercial operations expected in 2028, as Eelpower advances its plan to invest £500 million into grid-scale BESS in Great Britain.
Transaction date: · Source: equitix.com
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 50 MW
- Transaction price
- Not disclosed
- Buyer
- Eelpower Energy
- Seller
- Balanced Grid Works
- Country
- United Kingdom
- Region
- Hampshire
- Location
- Southeast of Winchester substation, Hampshire, England
- Continent
- Europe
- Development status
- Ready-to-Build
- PPA
- n.a.
Technology details
50 MW / 200 MWh battery energy storage system located southeast of the Winchester substation. Construction scheduled to commence in 2027, with commercial operations expected in 2028.
Additional information
Eelpower Energy's fifth asset acquisition since its launch in September 2025. Eelpower Energy plans to invest £500 million into BESS in Great Britain and is targeting over 1 GW of grid-scale battery assets. Eelpower Energy was advised by Burges Salmon (legal), Everoze (technical due diligence), Roadnight Taylor (grid) and Alvarez & Marsal (finance/tax). Balanced Grid Works was advised by Foot Anstey (legal) and Albert Goodman (finance/tax).
Source
Original announcement: https://equitix.com/news/eelpower-energy-acquires-silkstead-battery-storage-project-from-balanced-grid-works/