Announced
Completed
Financials
Tags
green energy battery storage
Renewable Energy Equipment
Acquisition
Domestic
Majority
Private
Infrastructure
Completed
Friendly
Single Bidder
United Kingdom
Synopsis
West Burton Energy, an independent power producer and electricity supplier, completed the acquisition of Thorpe Marsh Green Energy battery storage from Banks Group, a specialist in land development for property construction, renewable energy, mineral extraction & infrastructure services. Financial terms were not disclosed. “Richard and the Banks team have done an excellent job identifying and progressing the Thorpe Marsh energy storage project, which is a real world leader in its ambition. West Burton Energy is delighted to take over ownership and looks forward to delivering this much needed project to ensure security of supply, maximise the use of renewable energy, and to re-use this former power station site,” Morris Van Looy, West Burton Energy Chief Growth and Strategy Officer.
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