The oil giant says it will use the electricity provided by two 50 MW batteries to optimize the integration of renewables nearby. The task will be undertaken by the group’s Limejump unit. The energy storage units are set to be operational this year.
With Europe set to return to solar power levels last seen during the PV boom seven years ago, a wave of mergers and acquisitions is taking place as the oil and gas majors splash the cash to buy the expertise needed to participate in PV’s new dawn.
The UK energy technology company said the new contract will provide 120 MW of solar generation through its Limejump Virtual Power Platform. The energy bought from NextEnergy Solar Fund will then be traded on the national grid.
A 10 MW system in Derbyshire provided power to the grid as part of a virtual power plant in a national first. It should prove a popular development, according to the results of a new survey.
Solar – and wind – will finally bring an element of environmental consciousness, and value for money, to the system charged with keeping the lights on in Britain. Is PV finally shaking off long-held fears about its intermittent nature?
Offgem has granted Limejump access to the balancing market via its VPP, meaning renewables can, for the first time, participate. Meanwhile, under its latest consultation on the capacity market, the government is considering granting access to renewables.
Renewable energy developer Anesco will partner with Limejump – which operates one of Europe’s largest aggregated battery networks – to develop the capacity, which is expected to be online by the end of 2018.