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Business people shaking hands, finishing up a meeting. ENVIRONMENTAL infrastructure fund JLEN has snapped up the development rights to construct the Sandridge Battery Storage project near Melksham. The company has acquired a 50 per cent equity stake in Sandridge Battery Storage Ltd of Stonehouse in Gloucestershire. SBSL holds the development rights to construct the Sandridge Battery Storage project, a 50MW lithium-ion battery energy storage plant. The investment will see JLEN invest up to £12.7million over the next 12-18 months. It was has made alongside Foresight Solar Fund Ltd. JLEN chairman Richard Morse said: We are happy to announce JLEN’s latest investment into the energy storage market which is our second grid-scale battery project and the fourth asset to be added to JLEN’s portfolio of battery energy storage systems.
JLEN Environmental invests in 50 megawatt battery storage plant in UK
Tue, 4th May 2021 09:37
(Alliance News) - JLEN Environmental Assets Group Ltd on Tuesday announced the acquisition of a 50% equity stake in Sandridge Battery Storage Ltd.
Up to GBP12.7 million will be paid by JLEN for SBSL, which holds the development rights to construct the Sandridge Battery Storage project, a 50 megawatt lithium-ion battery energy storage plant based in Melksham in Wiltshire, UK.
The investment company focused on environmental infrastructure projects said it will invest up to GBP12.7 million over the next 12 to 18 months, with the plant expected to start commercial operations in October next year.
JLEN buys 50 per cent stake in Sandridge Battery Storage plant near Melksham wiltshiretimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiltshiretimes.co.uk Daily Mail and Mail on Sunday newspapers.
0.60% - Cineworld Group PLC (CINE.L)
0.60% - Foresight Solar Fund Ltd (FSFL.L)
Forex: No change expected from ECB
It was a fairly quiet session overnight where was concerned. The New Zealand dollar is the weakest major, after the government announced the Finance Minister would have more control to decide what types of loans RBNZ could restrict for financial institutions.
The European Central Bank (ECB) meets today, although there is no expectation for a change of policy, given they have signalled (like the Fed) that they will look past any temporary inflationary overshoot. And one is yet to materialise. Furthermore, the