Santander UK supports Brockwell Energy’s Inchbean Farm Battery Storage Project
Santander UK has provided a senior debt facility to support the successful financial close of Brockwell Energy’s Inchbean Farm Battery Energy Storage System (BESS) project in East Ayrshire.
The consented 60 MW / 120 MWh battery storage facility, located at Inchbean Farm near Kilmarnock, will play an important role in supporting the UK’s transition to a cleaner and more resilient electricity system.
Once operational, the project is expected to provide critical balancing services to the grid, helping to support renewable energy integration, strengthen energy security and improve the stability and efficiency of the electricity network.
Claire Heaton, associate director, Structured & Specialist Finance at Santander Corporate and Commercial Banking, said: “We are pleased to support Brockwell Energy in the delivery of its first BESS project in East Ayrshire, representing a significant investment in the region’s energy infrastructure and the integration of renewable generation across the UK. By backing Brockwell Energy, we are helping to accelerate the transition to a lower-carbon economy, while supporting regional growth, long-term sustainability and energy security. We look forward to continuing to work with the team.”
The project forms part of Brockwell Energy’s growing portfolio of flexible energy infrastructure projects. Following an extensive site selection and feasibility process, the site was identified based on environmental considerations, local electricity network capacity, existing infrastructure access and landscape characteristics.
Martin McCaffery, managing director of Brockwell Energy Services Limited, said: “Reaching financial close on Inchbean Farm BESS marks another significant step forward for Brockwell Energy as we continue to expand our renewable and flexible energy infrastructure portfolio across the UK.
“Battery storage has a critical role to play in enabling the transition to a smarter, lower-carbon electricity network, particularly as renewable generation continues to grow. We are pleased to bring this project forward in East Ayrshire and look forward to progressing into the delivery phase alongside our project partners, stakeholders and the local community.”
David Surtees, head of commercial at Brockwell Energy Limited, added: “We are delighted to have concluded agreements with both Fluence and Santander to support the construction and financing of the Inchbean Farm BESS project, establishing new long-term partnerships for Brockwell as we continue the build-out of our wider portfolio of projects.”