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JLEN acquires 50% stake in battery storage project
StockMarketWire.com
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Infrastructure fund JLEN said it had acquired a 50% stake in Sandridge Battery Storage for up to £12.7 million.
The Sandridge project was expected to reach energisation and start commercial operations in October 2022.
'The project will be connected to Southern Electric Power Distribution plc's distribution network and has a 49.9MW import and export connection,' the company said.
Under the terms of the deal, JLEN would invest up to £12.7 million over the next 12-to-18 months.
Story provided by StockMarketWire.com
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