Sosteneo (Generali Investments) acquires BESS project in the United Kingdom

Renewables Confindustria focus on national supply chains

(Finance) – Sosteneo SGRmanager controlled by Generali Investments, completed on behalf of clients the acquisition of 100% of the holding company of Sheaf Energy Limited (Sheaf Energy Park) by Pacific Green Technologies, a company specializing in renewable energy, energy storage systems and emissions control technologies.

Sheaf Energy Park is a project for a battery energy storage system (BESS) 249 MW/373.5 MWh located in Kent, UK. Commercial launch is expected in mid-2025.

The operation represents the third BESS investment by Sosteneo after acquiring the nearby Richborough Energy Park in June and the Koorangie Battery project in Australia earlier this month. The total capacity of BESS projects managed by Sosteneo to date exceeds 840 MWh.

“The energy storage capacity of batteries is essential for the transition to a clean energy future,” he commented Umberto Tamburrino, Managing Partner, CEO and CIO Europe at Sosteneo – Sheaf Energy Park represents key infrastructure supporting the growth of renewable energy in the UK, whilst benefiting from a long-term capacity agreement that provides our customers with streams of stable fund. This acquisition adds another important piece to ours growing global portfolio of greenfield infrastructure projects for the energy transition”.

(Photo: Sungrow EMEA on Unsplash)