Bluefield Solar has acquired development rights for a battery storage project in Liverpool.
The £1.5 million acquisition from Shaw-Energi Ltd includes development rights, grid connection costs and the leasehold of land of a ready to build 20MW battery. Construction is expected to begin during 2022. It is the investment fund’s second battery storage acquisition and the first that is not co-located with a solar project.

John Rennocks, chairman of Bluefield Solar said: ” Energy storage has enormous growth potential in the UK and offers an exceptionally attractive additional revenue stream, diversifying the Company’s income from our majority solar portfolio with its predictable regulated revenue profile.”