Two JLEN battery projects delayed to 2023

Supply chain issues meant two battery projects under construction for investment fund JLEN Environmental have seen startup delayed until 2023. They are the 50MW Sandridge project (in which JLEN has a 50% interest), acquired this year, and its wholly-owned 50W West Gourdie project. The last year also saw wind generation fall 16% below expectations for the group’s UK wind portfolio, due to ’20-year’ lows in wind levels. But they were rare low spots in a year described as “outstanding” by chair Richard Morse.
The fund raised £118 million in two oversubscribed fundraisings. It acquired three new assets, two of which were in new sub-sectors – biomass CHP and energy-from-waste. The first is Cramlington Renewable Energy Developments, which owns a biomass combined heat and power plant and its underlying contracts and is located in Cramlington, UK. The plant has a 26MW electrical capacity and 6MW of heat capacity. It was acquired out of administration “at an attractive price”
The energy from waste project is Manfredonia in the Apulia region of southern Italy.
The fund now has interests in 37 projects in the UK and Europe in solar, onshore wind, waste and wastewater, hydro, battery, anaerobic digestion, bioenergy and low carbon transport, totalling 359.5MW.

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