TLT has advised Low Carbon on the real estate aspects of the first two energy storage projects to be developed through its joint venture with VPI Immingham, part of the Vitol Group and owner of one of the largest combined heat and power plants in Europe.
The new joint venture vehicle, VLC Energy, will drive forward growth in energy storage and renewables in the UK through a pipeline of projects.
The first two energy storage projects will be a 40MW site in Glassenbury, Kent and a 10MW site in Cleator, Cumbria, which account for 25% of the total Enhanced Frequency Response (EFR) contract capacity awarded by National Grid and also won a contract in the Capacity Market Auction for supply in 2020. Both sites will be connected to the electricity network by the end of 2017.
The TLT team advising on the joint venture was led by Energy & Renewables Associate Matthew Grimwood (Picture) with support from Planning Solicitor Kate James.
Law Firms: TLT LLP;
Clients: Low Carbon Limited;