The long-term optimisation agreement with EDF provides a guaranteed minimum income level while financial close on the project paves the way for broader commercialisation of Econergy’s strategic UK pipeline, currently consisting of 17 projects totalling nearly 3 GW.
“We are pleased to be supporting Econergy with its latest BESS project in Dalmarnock, which strengthens its position in the energy storage sector” said Claire Heaton, Associate Director, Structured & Specialist Finance at Santander UK. “Dalmarnock is the first 3-hour duration asset Santander UK has funded, and we look forward to working with the team going forward as they advance their strategic goals, and continue to contribute to the UK’s energy transition.”
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