The start of operations at the two BESS sites brings the utility’s onshore renewable energy portfolio to 242MW. The company also has 2.1GW of pumped storage hydro capacity operational in the UK.
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Masdar secures £97 million for 540MWh BESS projects
UAE-headquartered power firm Masdar has closed its first battery energy storage financing in the UK, part of a long-term £1 billion commitment to the market.
The £97 million financing will go to projects totalling 205MW/540MWh of capacity, Masdar said today (3 August). It didn’t say which institutions provided the financing.
