Image: Jaison Lin, Unsplash
By ESS News
UK Bess investor Gore Street Capital has taken his first active in Japan by what it claims is the first dedicated energy storage fund of the country. The acquisition was done under the Toyko Energy Storage Investment Limited Partnership with Itochu Corp. The fund has taken over a project of 20 MW/80mWh in Kasama, Ibaraki prefecture.
The Kasama project has a size to be eligible for the Japanese cover -term security in the long term, a support program comparable to capacity markets that are seen in other countries, according to Gore Street Capital. This would enable the project to secure long-term contracted income in addition to a predominantly Merchant income model.
Visit our visit ESS News website.
This content is protected by copyright and may not be reused. If you want to work with us and reuse part of our content, please contact: editors@pv-magazine.com.
Popular content
