Coalburn 1 is one of three transmission-related BESS assets that are currently being built by CIP in Scotland. The other two are the 500 MW Deville project in Kincardine near Fife and the 500 -MW Coalburn 2 project in South Lanarkshire. Both projects developed in cooperation with Alcemi made financial investment decisions in January of this year, and the construction will begin in 2027.
CIP has a ten-year optimization agreement with SSE Energy Markets and a market agreement for capacity of 15 years for Kohleburn 1. The SSE energy markets will also optimize the other two Scottish Bess.
CIP carried out the sale of the property in the name of his Copenhagen infrastructure -Flag -Fonds Fund, which recently exceeded € 12 billion (13.57 billion dollars). The fund invests in a number of renewable technologies in Europe, North America and in Asian -Pacific.
The deal is the first entry from AXA in the British energy storage sector and reflects the investor's defined focus on the acceleration of decumonization, electrification and digitization. The company previously invested in the Hornsea 2.
As soon as it is commissioned, Coalburn 1 will be the largest operational BES project in Europe. In an interview with Energy Storage News at the beginning of this year, the British managing director of the British Business Malcolm Paterson said that the Scottish BESS portfolio of CIP “supports a long way to support the Upper Britain to support Nod Nod and to reduce the costs for consumers”.
Paterson also said that the main routes to the market for all three projects will be the compensation mechanism and the intraday trade.
The complete interview with the VP of the government matters of Paterson and CIP, Rhys Jones, is available with a subscription Energiessteicher.news Premium.
This story first appeared in the Solar Power Portal.