Press Releases

RPC consolidates its UK storage strategy through acquisition of first construction-ready project

  • Renewable Power Capital announced acquisition of 57MW battery storage project.
  • Project construction will begin imminently, with the site expected to come online next summer.
  • This is the first ready-to-build storage project RPC has acquired in the UK.

London 27 February 0800 GMT

Renewable Power Capital (RPC) has completed the acquisition of a 57MW ready-to-build battery storage project in the UK.

With this deal, RPC adds its first shovel-ready storage project to its UK portfolio.

Construction on the site is due to start imminently. Energisation is expected next summer (2025), after which the project will be connected to the UK’s transmission network.

This deal follows RPC’s two storage development partnerships in the UK, both of which were announced in the past year. These agreements total 4.5GW of capacity – 500MW with Greenfield and 4GW with Elmya Energy.

Herbert Smith Freehills and Ricardo acted as legal and technical advisers, respectively, to RPC.

Kevin Devlin, CEO at RPC, said: “RPC is carving out its position as a key player in the storage market. This deal brings our UK storage pipeline to more than 4.5GW, and now with an advanced-stage project. We see significant growth potential in the sector and look forward to building on this momentum.”

Notes to editors

Renewable Power Capital is a London-headquartered pan-European renewables company established in 2020, with the backing of CPP Investments.

RPC invests in the development, construction, and long-term operation of onshore wind and solar projects, enabling the energy transition and driving stable long-term, risk-adjusted returns. RPC’s flexible mandate allows it to structure investments which recognise the changing market dynamics in Europe and create innovative solutions to build relationships designed for decades rather than months.

RPC is led by a seasoned and established team of energy industry professionals with deep renewable power, technical, and operational expertise, and a strong common purpose. RPC aims to pioneer the European renewables sector, accelerating the already-rapid growth and playing a key role in making the energy transition a reality.

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