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21 Dec
14:26

GIG reaches financial close on 40 MW UK battery project

Macquarie’s Green Investment Group (GIG) announced on Tuesday financial close on its first UK battery storage project, kickstarting a pipeline of seven facilities. The green infrastructure investment specialist told Kallanish the 40-megawatt battery storage project in Maldon, Essex, has reached a “competitive contractual structure.” It will come online in early 2023.  Under a broad procurement process secured by GIG, French utility EDF wil…
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