JLEN adds 4th battery storage asset to portfolio
JLEN, the listed environmental infrastructure fund, has acquired a 50% equity stake in the Sandridge Battery Storage Limited, which 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 and will see JLEN invest up to £12.7m over the next 12-18 months, with the project construction ready and due to start commercial operations in October 2022.
Below is an interview with the investment team, Chris Tanner & Chris Holmes who talk us through the highlights from the recent interim results
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