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NextEnergy Capital announce 'really exciting news' expanding into UK energy storage sector

Published: 13:58 17 Sep 2021 BST

NextEnergy Solar Fund Ltd (LSE:NESF) (LSE:NESF) Ross Grier joins Proactive London to talk about their first investment in the UK's energy storage sector with the formation of a £100m joint venture targeting up to 250MW in projects.  

The solar power-focused investment trust established the venture with Eelpower Limited, a UK battery storage specialist. NESF owns 70% of the partnership. The venture already signed its first acquisition of a 50MW standalone battery storage project in Fife, Scotland, that is expected to be grid-connected in 2022.

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