Posts Tagged ‘BESS’
AIM Rule 17 – Schedule 2(g) update
SAE provides the following update in accordance with AIM Rule 17 and Schedule 2(g) sub-paragraph (v) of the AIM Rules for Companies. As part of a process to simplify SAE’s corporate structure and to wind up the dormant corporate entities, certain SAE subsidiaries and one joint venture of SAE have been placed into creditors…
Read MoreSAE and Econergy enter into a JV to drive forward the Afon Wysg 2 (AW2) Battery Storage project at the UK leading USEP
SAE and Econergy International Limited (Econergy) have entered a strategic joint venture (“JV”) to co-develop the AW2 250MW Battery Storage project at SAE’s Uskmouth Sustainable Energy Park (USEP). This partnership brings together two leaders in the renewable energy space, combining SAE’s experience in developing complex renewable energy generation and battery storage projects in the UK…
Read MoreSAE secures CCR funding in important next step towards achieving financial close of the AW1 Battery Storage project
SAE has secured a £8.5m loan from Cardiff Capital Region’s (“CCR”) Strategic Premises Fund. The loan will be used to facilitate the Afon Wysg 1 Battery Storage project (“AW1”), at the Uskmouth Sustainable Energy Park (“USEP”). The AW1 project is a 240MWh project with the ability to increase to 480MWh and is the flagship project…
Read MoreSAE welcomes Cabinet Secretary to showcase one of the largest Battery Storage sites in the UK
SAE was delighted to welcome Rebecca Evans MS, Cabinet Secretary for Economy, Energy and Planning to its Uskmouth Sustainable Energy Park (USEP). The Cabinet Secretary was able to see the significant progress being made in delivering one of the UK’s largest battery energy storage sites and our vision for USEP, which will provide security of…
Read MoreSAE successfully secures contract in latest Capacity Round Auction
SAE is pleased to announce it has secured a 15-year contract to provide vital, reliable electricity for the National Grid in the latest T-4 Capacity Market Auction Round (the “Auction”) through its 120MW AW1 Battery Storage project (the “Project”). SAE will be paid £60/kW/year for the duration of the contract. The Capacity Market ensures the…
Read MoreSAE’s vision for Uskmouth Sustainable Energy Park (“USEP”) – facilitating the expansion of renewable power and supporting the development of data centres and the AI revolution in Newport
SAE is the owner, developer and operator of the USEP. The site has been home to electricity generation for over 50 years but the way electricity is generated and used is changing and SAE is proud to be leading that change. SAE is transforming Uskmouth into one of the largest Battery Storage sites in the…
Read MoreSAE achieves planning milestone for its AW1 Battery Storage project at the Uskmouth Sustainable Energy Park
SAE is pleased to announce that it has discharged all of its pre-commencement planning conditions for the 120MW/240MWh Battery Storage project known as Afon Wysg 1 (“AW1”) at the Uskmouth Sustainable Energy Park. This will be the first Battery Storage project developed by SAE that it will build, own and operate. The delivery of the…
Read MoreSAE receives final payment from Battery project at Uskmouth Sustainable Energy Park (“USEP”)
SAE is pleased to announce it has received the final payment of £1.25m under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration of…
Read MoreSAE receives the penultimate milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)
SAE is pleased to announce it has received the penultimate milestone payment of £1.5m under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration…
Read MoreResults of Annual General Meeting
SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Results of Annual General Meeting SAE announces the results of its Company’s Annual General Meeting, held today, August 11th 2023. Resolutions 1 to 7 and resolution 9 were duly passed. Resolution 8, proposed as an ordinary resolution relating to the disapplication of pre-emption rights,…
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