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					</table><p>DIF Capital Partners (<a href="https://www.dif.eu/" target="_blank" rel="noopener">DIF</a>), an independent infrastructure investment fund manager, and <a href="https://www.ibvogt.com/" target="_blank" rel="noopener">ib vogt</a>, a utility-scale PV solar developer, has acquired 100% interest in a greenfield portfolio of ready-to-build co-located solar and battery projects from Enso Green Holding Limited (EGHL).</p>
<p>Developed by EGHL &#8212; a joint venture between <u><a href="https://www.cerogeneration.com/" target="_blank" rel="noopener">Cero Generation</a></u> and <u><a href="https://ensoenergy.co.uk/" target="_blank" rel="noopener">Enso Energy</a></u> &#8212; the UK-based portfolio consists of seven sites. It is the largest co-location project of solar and (battery) storage in the UK.</p>
<p>The facility has a total capacity of 720 MW, of which 380 MW is earmarked for solar and 340 MW for battery storage.</p>
<p>DIF’s current investment has been made through its DIF Infrastructure VII fund, which will acquire a 90% interest in the portfolio.</p>
<p>In October 2021, DIF Infrastructure VI fund had <a href="https://www.dif.eu/news/dif-capital-partners-to-become-majority-shareholder-in-global-solar-pv-platform-ib-vogt/" target="_blank" rel="noopener">reached</a> an agreement to acquire a 51% stake in ib vogt, from its current 100% shareholder (DVV).</p>
<p>For the current project, solar engineering, procurement, construction, and operations and maintenance services will be provided by ib vogt.</p>
<p>The acquisition of each project will be completed once each site reaches the ready-to-build stage.</p>
<p>The first two projects have already been acquired and have started construction. All projects are expected to be acquired by mid-2023 and operational between 2024 and 2026.</p>
<p>All individual sites are expected to benefit from Contract for Difference arrangement or power purchase agreements with corporate or utility offtakers.</p>
<p>Gijs Voskuyl, partner and Head of Infrastructure at DIF Capital Partners, said, “This transaction represents DIF’s first direct investment into the asset class of utility-scale energy storage, which is an essential component of future electricity markets.”</p>
<p>Marta Martínez Queimadelos, CEO of Cero Generation, said, “This portfolio will significantly contribute to the UK’s efforts to achieve net zero by 2050, with the co-location of solar and battery storage playing a key role in the de-carbonization of the grid. We will continue to develop and deliver the UK solar and battery projects in the joint venture’s existing pipeline, which extends to 5 GW, and a further 5 GW of early-stage opportunities.”</p>
<p>DIF and ib vogt are in the process of raising a non-recourse debt financing facility to fund the construction of the portfolio.</p>
<p>Ib vogt was among the four bidders who <a href="https://mercomindia.com/sprng-ib-vogt-hinduja-blupine-win-guvnls-500-solar-auction/" target="_blank" rel="noopener">won</a> Gujarat Urja Vikas Nigam’s recent auction to supply power from 500 MW of grid-connected solar power projects (Tranche XVIII) with a greenshoe option of an additional 500 MW.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gautamee-hazarika/" class="vcard author" rel="author"><span class="fn">Gautamee Hazarika</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Gautamee,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gautamee-hazarika/" target="_blank" rel="noopener">More articles from Gautamee.</a><br />
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<a href="gautamee@mercomindia.com" target="_blank" rel="noopener">gautamee@mercomindia.com</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">Gautamee</a> is a reporter at Mercom India. Prior to Mercom, Gautamee was working as a multimedia news journalist at ThePrint in New Delhi. She has received her Bachelors in English Honors and Masters in English Literature from St.Stephen&#8217;s College, University of Delhi.<a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">More articles from Gautamee</a></div>
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DIF Capital Partners Acquires 720 MW Solar and Battery Portfolio in the UK

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