TagEnergy’s UK Battery Storage Projects with Tesla Megapacks Start Construction
Global clean energy enterprise TagEnergy has started construction on a Tesla Megapack-powered 49.5MW/99MWh standalone energy storage facility near Luton, United Kingdom.
The development, dubbed ‘Chapel Farm’, “is a joint venture with Yorkshire-headquartered Harmony Energy, following TagEnergy’s acquisition of a 60% stake in the project in November 2021, the company said in a press release.
The site is expected to become operational in Q1 2023, and it will cost £30 million ($39.45 million USD) at completion. British bank Santander U.K. is footing £12.5 million of the bill for the green energy project.
Once online, Chapel Farm will be handed over to RES, a leading independent renewable energy company, which will act as an asset manager.
The second project will be the Jamesfield Farm standalone Battery Energy Storage System of 49MW/98MWh near Abernethy, Scotland.
Chapel Farm is set to be TagEnergy’s second battery energy storage facility in the U.K., reinforcing the company’s commitment to supporting the worldwide transition to clean energy.
“This is an important milestone in TagEnergy’s growth in the UK as we leverage our strong storage expertise to support the UK grid through connecting more sustainable, competitive and clean power. We are excited to enter this next phase in the project in partnership with Harmony Energy and with the support of Santander as we grow our UK footprint to accelerate the energy transition,” said TagEnergy CEO Franck Woitiez.
“Santander UK is delighted to support TagEnergy and Harmony Energy with funding for this project, which marks an important contribution to the UK’s ability to produce a reliable flow of electricity from renewable sources,” said Mark Cumbo, Director of Specialised and Project Finance at Santander U.K.
Harmony Energy CEO Peter Kavanagh said the company was “delighted to be progressing this site with TagEnergy.”
On Thursday, nearly 300 Megapacks worth a whopping $420 million USD were spotted at Tesla’s Gigafactory in Nevada, waiting to be shipped out to customers.