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The joint venture has acquired two solar farms of 96MW and two 100MWh of standalone battery storage in the UK. Image: Andreas Gücklhorn (Unsplash).
Lynher Energy has acquired the rights to build two solar battery farms and two independent battery storage facilities at adjacent sites in the UK.
The joint venture between Ethical Power and Napier Park Global Capital will develop an aggregated capacity of 96MW for the solar battery farms, while the standalone battery storage projects will have a capacity of 100MWh.
Chris Sparrow, principal at Napier Park, said: “This investment helps to close the gap between required energy generation and the investment necessary to achieve net zero carbon emissions aimed at successfully addressing the climate crisis.
“Napier Park and Ethical Power expect to invest further in these assets; and to fund additional important projects in the UK and in Europe.”
Earlier this year, the companies announced the joint venture, stating their goal to invest in large-scale solar and battery storage assets in the UK and Europe.