Low Carbon & Sustainable Solutions

West Gourdie Battery Storage

On 3 March 2021, FGEN announced the acquisition of a 100% equity stake in Gigabox South Road Limited (“GSRL”). GSRL holds the development rights to construct the West Gourdie project, a 50MW lithium-ion battery energy storage plant based in Dundee, UK.

The West Gourdie project became operational in March 2023.

Storage projects provide vital support to the National Grid, by reducing system imbalance and enhancing the grid’s ability to harness a greater level of intermittent renewables on the system. The West Gourdie project will be connected to Scottish Hydro Electric Power Distribution plc’s distribution network and has a 49.9MW import and export connection. The project will provide stability to the local network either through direct provision of balancing services to the National Grid, or by reducing volatility on the system via wholesale trading in the wholesale power markets and/or the Balancing Mechanism, a tool used by the National Grid to balance supply and demand in real time .

This acquisition represents FGEN’s third investment into battery storage systems, adding to the two co-located batteries that the Company owns as part of its run-of-river hydro portfolio.

Clayfords Battery Storage

Clayfords Energy Storage Limited holds the development rights to construct a 50MW lithium-ion battery energy storage plant based in Buchan, Aberdeenshire, UK.

The project is fully consented and construction ready. The project will be connected to the Scottish Hydro Electric Power Distribution plc’s distribution network and has a 49.9MW import and export connection.

CNG Foresight

In December 2020, FGEN acquired a minority stake in a portfolio of five Compressed Natural Gas (“CNG”) refuelling stations for heavy goods vehicles, located in the UK.  

FGEN will also contribute to a funding line to fund the construction of a further pipeline of CNG refuelling stations as part of a national network.

The investment has been made alongside other funds managed by the Investment Manager to FGEN – Foresight Group and the developer and operator of the stations, CNG Fuels Limited.

Lunanhead battery storage (Gigabox No 4)

Gigabox No 4 holds the development rights to construct a 49.9MW lithium-ion battery energy storage plant based in Angus, Scotland.

The project will be connected to the Scottish Hydro Electric Power Distribution plc’s distribution network and has a 49.9MW import and export connection. The connection will be initially with a capacity of 45MW, increasing to the full 49.9MW capacity by early 2025.

Sandridge Battery Storage

In May 2021 FGEN announced the acquisition of a 50% equity stake in Sandridge Battery Storage Limited (“SBSL”). SBSL holds the development rights to construct the Sandridge Battery Storage project, a 50MW lithium-ion battery energy storage plant based in Melksham in Wiltshire, UK. The investment has been made alongside Foresight Solar Fund Limited.

The project will be connected to Southern Electric Power Distribution plc’s distribution network and has a 49.9MW import and export connection. The project will provide stability to the grid through provision of Dynamic Containment, or by reducing volatility on the system via wholesale trading in the wholesale power markets and/or the Balancing Mechanism, a tool used by the National Grid to balance supply and demand in real time.

West Gourdie Battery Storage

On 3 March 2021, FGEN announced the acquisition of a 100% equity stake in Gigabox South Road Limited (“GSRL”). GSRL holds the development rights to construct the West Gourdie project, a 50MW lithium-ion battery energy storage plant based in Dundee, UK.

The West Gourdie project became operational in March 2023.

Storage projects provide vital support to the National Grid, by reducing system imbalance and enhancing the grid’s ability to harness a greater level of intermittent renewables on the system. The West Gourdie project will be connected to Scottish Hydro Electric Power Distribution plc’s distribution network and has a 49.9MW import and export connection. The project will provide stability to the local network either through direct provision of balancing services to the National Grid, or by reducing volatility on the system via wholesale trading in the wholesale power markets and/or the Balancing Mechanism, a tool used by the National Grid to balance supply and demand in real time .

This acquisition represents FGEN’s third investment into battery storage systems, adding to the two co-located batteries that the Company owns as part of its run-of-river hydro portfolio.