The project has secured all land rights, grid connection, and planning consent. The project will connect to National Grid’s main transmission network rather than the local distribution network, meaning it will operate independently from an intermediary distribution network operator. This will potentially open additional revenue opportunities while reducing CAPEX and operating costs. This is GSF’s second main transmission-connected site following the acquisition of the 57 MW Enderby project in 2021.
Grid connection is expected to be no later than 4Q26; however, GSF’s Investment Manager, Gore Street Capital Limited, will seek to accelerate the connection date while maintaining a cost-efficient EPC procurement process. The final CAPEX will depend on the selection of the system duration. The project has the flexibility to deploy a storage system with a duration of up to two hours. The project is expected to deliver an unlevered IRR at least in line with GSF’s target return.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Autumn 2022 issue
The Autumn 2022 issue of Energy Global hosts an array of technical articles focusing on wave & tidal, waste-to-energy, energy storage, solar technology, and more. This issue also features a regional report outlining how green hydrogen is playing a key role in the renewable transition across Europe .
