Gore Street Energy Storage Fund has secured a 131-megawatt portfolio of energy storage assets in the United Kingdom, following a competitive process.
Gore Street, London’s first listed energy storage fund supporting the transition to low carbon power, announced the exclusivity agreement on June 29, and it follows on the heels of a previous announcement about a 20-megawatt asset under construction in London.
The operational assets, which are still subject to completion of successful due diligence, are anticipated to close in mid-August.
The latest deal includes an 81-megawatt portfolio of operational facilities in Great Britain and a 50-megawatt project that is under development in Southern England.
Together, the two acquisitions bring Gore Street’s portfolio to 151 megawatts of assets that are currently under exclusivity and form part of the company’s 900-megawatt pip
