Tag: Fidra Energy

Fidra Energy reaches financial close on 500MW West Burton C battery energy storage project

Stuart Mitchell

Fidra Energy (“Fidra”), a European battery energy storage system (BESS) platform headquartered in Edinburgh and backed by EIG and the National Wealth Fund, today announces it has reached financial close on its West Burton C battery energy storage project in Nottinghamshire. Building on the successful financing and construction of its Thorpe Marsh project in South Yorkshire, West Burton C is a 500MW/1.1GWh battery energy storage project developed by Fidra, which is located on the site of the former West Burton coal power station, adjacent to the site selected for the…

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Fidra Energy reaches financial close on the UK’s largest battery energy storage project, backed by EIG and the National Wealth Fund

Stuart Mitchell

Fidra Energy, a European battery energy storage system (BESS) platform headquartered in Edinburgh, UK, today announced it has secured up to £445 million of new equity investment from EIG and the National Wealth Fund (the NWF) as it reaches financial close on the UK’s largest Battery Energy Storage System (BESS) project at its Thorpe Marsh site in Doncaster, South Yorkshire. Construction of Thorpe Marsh is set to begin immediately and, in addition to the investment by EIG and the NWF, will be funded by new loan facilities of £594 million…

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