NextEnergy UK I Acquires 107 MW Operational BESS Portfolio Across Maldon, Basildon and Loudwater in Southeast England
NextEnergy Capital's NextEnergy UK I fund has completed the acquisition of a 107 MW portfolio of three standalone operational BESS assets in Southeast England: Maldon (40 MW), Basildon (28 MW) and Loudwater (39 MW). All assets are immediately cash generative and backed by long-term Capacity Market contracts, bringing NEUK I's total standalone BESS capacity to 165 MW.
Transaction date: · Source: nextenergycapital.com
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 107 MW
- Transaction price
- Not disclosed
- Buyer
- NextEnergy
- Country
- United Kingdom
- Region
- Southeast England
- Location
- Maldon (40 MW), Basildon (28 MW) and Loudwater (39 MW), Southeast England
- Continent
- Europe
- Development status
- Operational
- PPA
- Yes
Technology details
Three standalone operational battery energy storage system assets: Maldon (40 MW), Basildon (28 MW) and Loudwater (39 MW), totalling 107 MW. All assets are fully operational, immediately cash generative and located in southeast England close to major demand centres and key grid infrastructure.
Power purchase agreement (PPA)
All three assets benefit from long-term Capacity Market contracts providing stable contracted revenue.
Additional information
Seller not disclosed. All three assets benefit from long-term Capacity Market contracts and established routes to market. The acquisition increases NEUK I's total standalone BESS capacity to 165 MW. NEUK I completed its final close at £733 million in commitments and has built a portfolio of over approximately 1 GW of UK renewable energy infrastructure assets since launch.
Source
Original announcement: https://www.nextenergycapital.com/news/nextenergy-uk-i-acquisition-of-107mw-bess-portfolio/