- Econergy has announced plans to develop 900 MW of solar PV with over 800 MW energy storage in the UK by 2025
- It will co-locate some of the storage capacity with solar PV projects, and remaining will be developed as stand-alone grid support storage facilities
- The company has started with the acquisition of a 50 MW storage facility from Yoo Energy in Yorkshire
Econergy Renewable Energy from Israel aims to commission a project pipeline of 900 MW solar PV capacity along with more than 800 MW/1,600 MWh of energy storage in the UK by 2025, as part of the company’s strategy for the European market.
To start with, it has acquired the 50 MW/100MWh Swangate Energy Storage Ltd. project from Yoo Energy in Yorkshire, Northern England, marking its entry into the country’s storage market. This project is part of more than 800 MW storage pipeline it plans to develop here.
Econergy said it is developing the 800 MW storage capacity in the form of co-location projects with the 900 MW PV pipeline and as stand-alone grid support storage facilities. The entire storage and PV pipeline is targeted to come online by 2025.
Along with solar PV and storage, the Israeli company is also active in the space of wind energy with geographical footprint in Italy, Spain, Romania, and Poland apart from the UK. With an overall project pipeline of over 6 GW across Europe, Econergy said it aims to grid connected close to 3 GW renewables capacity by 2024.
“The UK is a key market for Econergy and is leading the development of storage technology, which has a key role to play in reducing our reliance on fossil fuels and enabling the clean energy transition,” said Econergy CEO Eyal Podhorzer. “This project will help us to become a key player in the UK storage market as we look to significantly expand our portfolio of projects under development in the coming months.”
