Uk-based Renewable energy developer Renewable Power Capital (RPC) and Greenfield have entered into a partnership agreement to develop 500 megawatts of energy storage projects in the country. RPC has acquired two projects from Greenfield with an estimated total capacity of 83MW.

Full approval of the projects is expected in the second quarter of 2024. RPC can now strengthen its commitment to the UK's fast-growing battery storage industry, which is a strategic priority for the company. Battery storage will support the energy transition in a post-subsidy environment.

The partnership is critical for RPC to develop its renewable energy portfolio that supports decarbonization and resilient energy networks. The UK battery storage market has 1.7GW of installed capacity by the end of 2021 and is expected to grow to 10GW by 2030.

Lithium-ion battery storage is the most flexible short-term storage technology currently available and will play a key role in balancing our energy system, said Kevin Devlin, CEO of Renewable Power Capital. The UK is already a leader in this field and we are delighted to partner with Greenfield to accelerate and expand this growth.

In early 2023, RPC entered into agreements with Tundra Advisory and Euder Energy to develop a 1GW onshore wind portfolio in Poland and 1GW solar in Spain. By taking over three Finnish wind farms with a capacity of 171MW from OX2, the company has moved from renewable energy investor to operator. The company has also signed a ten-year power purchase agreement with automotive technology company Faurecia to provide 417GWh of clean energy from its Klevberget wind farm in Sweden.Editor/XingWentao