Environmental infrastructure fund JLEN has bought Yorkshire Hydropower Holdings for a total of £4.3 million.
The company owns two hydropower plants, both accredited under the Feed-in Tariff scheme, as well as a battery storage facility with a firm frequency response contract.
The purchase is JLEN’s first investment in both hydropower and battery storage and will bring the total size of its portfolio, which already includes wind, solar, anaerobic digestion, waste and wastewater projects, to more than 281MW.
The projects included in the deal are:
- A 500kW single turbine hydro plant located at Kirkthorpe on the River Calder.
- A 260kW twin screw hydro plant located at Thrybergh on the River Don.
- A 1.2MW battery co-located at Thrybergh.
JLEN chairman Richard Morse said: “We are pleased to make our first investment into two new asset classes in run-of-river hydro and battery storage.
“These projects have a proven operational history, benefit from strong contractual revenues and broaden the diversification within the JLEN portfolio.
“Furthermore, they demonstrate the synergistic benefits of co-locating renewable energy generation and storage technology.”