AMPYR Solar Europe and ROCKWOOL sign long-term solar PPA

This financing with Kommunalkredit, a European infrastructure bank, includes a statement of confidence in the company’s strategy and its 100 GWh portfolio of battery storage projects, including long duration energy storage.

The deal is a positive step for battery storage development in the UK and, as more renewable energy comes onto the grid and more intermittent demand is added, batteries, especially longer duration, will play an essential role. They not only enable the storing of clean energy during periods of low demand for use during peak times, but also allow the country to reduce dependence on imported gas, bringing down the cost of energy.

NatPower UK’s Gigapark approach, alongside the infrastructure financing of Kommunalkredit, signals a change in how these large scale projects can be funded. NatPower UK has the largest battery storage pipeline in the UK, including three 1 GW Gigaparks in North Yorkshire and Tees Valley, with a total of 100 GWh in various stages of development.

Stefano D. M. Sommadossi, CEO at NatPower UK, noted: “The UK’s energy transition will provide opportunities for economic growth, generating many thousands of green jobs, creating sustainable communities, and bringing down bills, attracting a significant portion of the trillions that will be invested in the sector each year globally.”

He added: “With changes currently being made to the connections process, the UK’s energy grid will require an acceleration of private capital to ensure it can deliver the right projects as quickly as possible. Our agreement with KommunalKredit signals that this is underway.”

 

 

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Read the article online at: https://www.energyglobal.com/energy-storage/12022025/ampyr-solar-europe-and-rockwool-sign-long-term-solar-ppa/