en.Wedoany.com Reported - Rivington Energy has completed the sale of a battery energy storage system (BESS) development project, selling its 50 MW project in Yarnton, Oxfordshire, UK, to a fund managed by Schroders Greencoat. Schroders Greencoat is a company specializing in renewable energy and energy transition infrastructure management.
The acquisition was completed by Wessex Gardens, a fund under Schroders Greencoat that focuses on localized and regional renewable energy infrastructure investments for local government pension schemes. The project will provide 49.9 MW of export capacity and 40 MW of import capacity, benefiting from a recently secured grid connection date, with an expected operational lifespan of up to 40 years. Construction is scheduled to begin in 2027, with the site located on an area of approximately 1.5 hectares.
The Yarnton BESS project was developed by Renewable Connections, the development arm of Rivington Energy. The project plan was carefully designed following extensive consultations with the local community, statutory stakeholders, and Cherwell District Council, and received formal planning permission on June 16, 2025.
Michael Hughes, CEO of Rivington Energy, stated that the company adheres to a responsible, community-oriented approach to planning and design while delivering highly innovative projects. This strategy underpins the company's strong track record in securing project permits and enables it to launch high-quality schemes that attract leading investors and partners. Hughes expressed delight at completing the transaction, viewing it as another significant milestone in the company's development.
Matt Tingle, Investment Director at Schroders Greencoat, noted that adding this pre-construction project to the portfolio is exciting. Battery storage plays a key role in driving the energy transition, creating further investment opportunities. This acquisition reflects the company's ongoing commitment to investing in infrastructure aligned with the energy transition, which not only supports the energy system but also delivers strong long-term returns for investors.
Legal support for the transaction was provided by Burges Salmon, legal advisor to Rivington Energy, and Acuity Law, legal advisor to Schroders Greencoat.
Battery storage plays a critical role in supporting the UK's transition to a low-carbon energy system. By balancing supply and demand, BESS helps stabilize the grid and facilitates the broader integration of renewable energy generation. The UK government estimates that widespread deployment of battery storage could save up to £40 billion in system operating costs by 2050, thereby reducing consumer energy bills while supporting the country's net-zero emissions target.
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