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.