octopus renewables acquisition
Image credit: smart-energy.com

Investor SUSI Partners has completed the acquisition of four lithium-ion battery storage assets in the UK.

The total portfolio is comprised of four assets totaling 90 MW. RINA provided full technical due diligence along with assistance during the procurement.

The transactions, which involved three front-of-the-meter utility scale battery storage assets in the UK with a cumulative capacity of 40 MW in construction or operation and an additional 50 MW in the tendering phase in Scotland, mark SUSI’s entry into the fast-moving UK battery storage market.

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Energy storage facilitates intermittent generation from renewable resources to integrate into the energy mix and help secure the network through ancillary services such as Dynamic Containment (DC) and Firm Frequency Response (FFR).

As Technical Advisor, RINA produced reports for the projects, including a review of construction and battery supply contracts, the grid connection offer, planning, and route to market contracts. RINA also analysed the operational assets and reviewed capacity degradation, as well as supporting the tendering process with reviews of tender packs and bids for EPC and O&M contracts.