Battery StorageOpenEU Taxonomy
Thames Valley Battery Storage
A 120 MW / 240 MWh grid scale battery storage platform providing balancing and ancillary services to the GB electricity system.
- Target return
- 8.40%
- Term
- 5 yrs
- Capacity
- 120 MW / 240 MWh
- Issuance
- £96m
About this issuance
Proceeds fund the construction and grid connection of two colocated battery energy storage systems in the Thames Valley. Revenues are generated through a blend of contracted ancillary services, capacity market payments, and merchant energy arbitrage, optimised by a leading third party route to market provider under a floor and share arrangement.
£58/kW-yr
Capacity Market
Awarded to 2030
55%
Revenue floor
Contracted min
Secured
Grid connection
87%
Round trip eff.
Investment highlights
- Capacity Market agreements awarded through 2030 at £58/kW-year
- Contracted revenue floor covering ~55% of the base case
- Grid connection agreement executed with National Grid ESO
- Merchant upside from energy arbitrage in a tightening balancing market
Coupon8.40%
Fixed rate · paid quarterly
£38.5m raisedof £96m
40% funded
SenioritySenior Secured
Maturity19 Dec 2031
Term5 years
Yield to maturity8.55%
Denomination£1,000 / unit
ISINXS2711000029
Rating
ScopeBB
Min 100 · 57,500 available
Investment amount£100,000
Est. gross annual income£8,400
Capital at risk. Subscription is available to verified professional investors only and is subject to the prospectus and final terms.