Conrad Energy has acquired a 24MW battery project in Blackpool from Power Initiatives. It has a grid connection and planning consent secured, and Conrad Energy expects the site to commence construction in the autumn. Meanwhile it expects to seek development consent this summer for a 45MW solar farm at Larport, Herefordshire. That project started as a diesel generator which won planning consent in 2016, subsequently changed to a gas engine array in 2018. The company said it changed te project to a solar farm in late 2019 in response to local feedback. A webinar on the project will be held on 30 June.
The copany said the battery acquisition had “cemented further its move into battery storage” and it was the “first in a series of acquisitions” which would complement its current battery pipeline, which stands at over 250MW.
The company said its vision was to become a full-service power provider. The business supplies commercial and industrial customers with flexible energy solutions from onsite generation as well as supply contracts. It provides a third party route to market services for similar plants and renewable power projects.
Conrad Energy now has 600MW of flexible generation across 45 sites. In October last year it agreed to acquire Viridis Power, which has a generation portfolio of over 440MW at 28 sites across the UK.
Established in 2017, Conrad Energy is one of 18 global platforms created by I Squared Capital to meet a demand for infrastructure.