SAE Renewables secures 15-year contract in Capacity Round Auction

SAE Renewables

SAE Renewables Limited (LON:SAE) has announced it has secured a 15-year contract to provide vital, reliable electricity for the National Grid in the latest T-4 Capacity Market Auction Round through its 120MW AW1 Battery Storage project SAE will be paid £60/kW/year for the duration of the contract.

The Capacity Market ensures the security of electricity supply by providing a payment for reliable sources of capacity.

Success at the Auction provides an additional and fixed revenue stream for the Project and is an important component as SAE works towards financial close of its flagship AW1 Battery Project at the Uskmouth Sustainable Energy Park (“USEP”).

SAE Renewables recently released a video animation highlighting the scale and benefits of the USEP site:

The results are subject to confirmation by the Secretary of State for Energy Security and Net Zero, which is due by the 24th March.

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

SAE Renewables secures £67.4m financing for flagship AW1 battery storage project

SAE has achieved financial close for its 240MWh AW1 battery storage project at Uskmouth, securing £67.4m in funding. The project is forecast to deliver average annual revenues of £13m and EBITDA of £9m over its first five years, with operations set to begin in Q1 2027.

SAE secures contracts for 240MWh AW1 battery project at Uskmouth

SAE has signed supply and construction agreements for its 240MWh AW1 battery storage project at Uskmouth Sustainable Energy Park, with potential to scale to 480MWh. Canadian Solar will supply the batteries and provide a 15-year service agreement, while Jones Bros will handle construction. A 12-year revenue deal with EDF and a framework for 1.1GWh of future battery supply have also been agreed.

SAE Renewables advances battery projects and marks 10 years on AIM

SAE Renewables reported steady progress in 2024, securing full ownership of its 240MWh AW1 battery project and submitting plans for a 1,200MWh system in Scotland. Revenues reached £14.4m, with EBITDA at £7.9m.

SAE Renewables and Econergy to develop 250MW battery project at Uskmouth

SAE Renewables and Econergy have joined forces to launch the AW2 250MW Battery Storage project at Uskmouth, enhancing the UK's renewable energy capabilities.

SAE Renewables secures £8.5m loan for AW1 battery project

SAE Renewables has secured an £8.5m loan for the Afon Wysg 1 Battery Storage project, a key initiative in the Uskmouth Sustainable Energy Park's development.

SAE Renewables welcomes Cabinet Secretary to one of the largest Battery Storage sites in the UK

Significant progress being made in delivering one of the UK's largest battery energy storage sites

Search

Search