Cero Generation, a UK solar energy development, production, and storage company, announced the financial close of its 49.5MW/99MWh battery energy storage system (BESS).
Developed with energy company Enso Energy, it will be co-located in South Gloucestershire, England, with what it claims is the UK’s first transmission-connected solar PV project, also developed by Cero and Enso. The BESS is due to be operational in late 2024, while the solar array went live earlier in May.
Cero said this is its first battery project to reach financial close and marks a significant milestone. It has over 30 stand-alone or co-located battery projects. They amount to over 2GW within its existing 5GW UK development pipeline.
It has another 5GW of early-stage battery or solar projects at an early stage of development.
The battery was financed by Rabobank, which also financed the Larks Green solar project.