Rivington Energy, a developer and manager of renewable energy solutions, has sold a battery energy storage project in Yarnton, Oxfordshire, in the U.K., to funds managed by Schroders Greencoat.

Schroders Greencoat is a renewables and energy transition infrastructure manager, and the acquisition was made through Wessex Gardens, its place-based and locally focused renewable infrastructure fund for Local Government Pension Scheme members.

The Yarnton battery storage project will have an export capacity of 49.9 MW and an import capacity of 40 MW. According to the companies, the project has a near-term grid connection date and is expected to operate for up to 40 years.

Michael Hughes, CEO of Rivington Energy, said: “We deliver highly innovative developments while maintaining a responsible, community-led approach to planning and design. This underpins our strong track record of securing project consents and enables us to bring forward high-quality schemes that attract leading investors and partners. We are delighted to complete this transaction, which marks another exciting milestone for Rivington Energy.”

Planning consent for the project was granted on June 16, 2025. Renewable Connections, the development arm of Rivington Energy, developed the project, and the construction is scheduled to begin in 2027.

Burges Salmon served as legal adviser to Rivington Energy, while Acuity Law served as legal adviser to Schroders Greencoat. The financial terms of the transaction were not disclosed.

In May 2026, GridStor, a developer and operator of utility-scale battery energy storage projects, acquired the 199 MW/796 MWh Birdseye battery storage project in Adams County, Colorado, from Accelergen.

A total of 7.2 GW of energy storage projects were acquired in Q1 2026, a 227% increase compared to the 2.2 GW in Q1 2025, according to Mercom’s recently released Q1 2026 Energy Storage Funding and M&A report. A growing share of acquisitions included standalone battery storage and hybrid solar-plus-storage projects.