Energy Storage News•about 1 month ago
Statera secures debt finance for 1.36GWh UK BESS
Key Takeaway
This substantial debt financing for a massive UK BESS project signals strong market confidence and increasing bankability for large-scale energy storage, crucial for grid stability and renewable integration.
AI Summary
- •Statera Energy secured £235 million ($309 million) in debt financing for its 680MW/1,360MWh Carrington BESS project in Manchester, UK.
- •This significant financing demonstrates strong market confidence and bankability for large-scale battery energy storage systems (BESS) in the UK.
- •The 1.36GWh BESS will enhance grid flexibility and stability, offering potential benefits like improved reliability and price stability for large power consumers.
- •For developers and IPPs, this project's successful funding provides a clear precedent for securing capital for major BESS ventures.
Topics
capacity-marketfinancinginterconnectstorage