– Felipe Hernández and Peter Kavanagh called the project an important milestone
– The project is one of the UK’s largest battery storage projects in operation per MWh
– Harmony Energy successfully bid six BESS projects in the latest T-1 Capacity Market auction
Felipe Hernández and Peter Kavanagh have hailed a project as an important milestone in the renewable energy sector. The project, which is one of the UK’s largest battery storage facilities in operation per MWh, is a joint effort between FRV and Harmony Energy. The project adds to the companies’ shared portfolio which includes the Contego BESS in West Sussex and the Holes Bay project.
The Hole Bay project began operating in June 2020, while construction on the Clan Tye site was underway. Financing for the project with NatWest was secured in October 2021, marking a significant step in the development of the project. Harmony Energy has also been successful in bidding for six BESS projects in the latest Capacity Market auction, increasing revenue for the company to £3.2 million for the period of 2024/25.
Overall, the project marks a significant achievement for both FRV and Harmony Energy, showcasing their commitment to renewable energy development. This news was originally published on Solar Power Portal, highlighting the growing importance of battery storage in the renewable energy industry.