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:

Latest Company News

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.

Tides could power the next wave of energy

Investors are turning their gaze to the ocean’s rhythmic pulse as tidal power emerges from pilot projects into a viable, predictable renewable asset class.

Marine currents offer unexpected investment path

A turbine off Scotland’s coast has turned ocean currents into a consistent power source for over six years, signalling a new era for predictable renewable energy.

When bearings defy the ocean’s rhythm

By powering six uninterrupted years beneath the Pentland Firth’s currents, the MeyGen array has rewired expectations for tidal energy reliability

SAE Renewables charts a course under the tides

A glimpse beneath the waves reveals how SAE Renewables’ resilient turbines and data-driven upkeep are turning tidal currents into a reliable, cost-effective power source.

Search

Search