RNS
9 December 2022
SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the "Group")
Battery Energy Storage Project at Uskmouth receives conditional planning consent
SAE is pleased to announce that the planned 230MW / 460MWh battery energy storage system at the Uskmouth site has been granted planning consent with conditions by Newport City Council. As announced on 24 May 2022, SAE has been working with Energy Optimisation Solutions ("EOS") and Quinbrook Infrastructure Partners, via their portfolio company Uskmouth Energy Storage Limited ("UES"), to develop this project which will be owned and operated by UES. Following this decision we expect the remaining contractual milestones along with financial close to be achieved in Q1-23.
ENDS
For more information, please contact
| SIMEC Atlantis Energy Limited | +44 (0) 7739 832 446 |
| Sean Parsons, Director of External Affairs | |
| Investec Bank PLC - NOMAD and Joint Broker | +44 (0) 20 7597 5970 |
| Virginia Bull Ben Griffiths | |
|
Arden Partners PLC - Joint Broker |
+44 (0) 20 7614 5900 |
|
Ruari McGirr Simon Johnson
| |
Notes to Editors
SAE - SAE is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development.
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