Atlantic Green secures £16.5m in financing from Goldman Sachs

Atlantic Green has secured £16.5 million in financing from Goldman Sachs for its 60MWh battery storage project in Buxton, UK.

The project is scheduled to be energised in the first quarter of next year.

Atlantic Green, a joint venture between Interland and Nofar Energy, focuses on investing, developing and operating grid-scale battery energy storage projects in the United Kingdom.

Nick Bradford, managing director of Atlantic Green, said: “We are thrilled to be working with Goldman Sachs, a distinguished investment bank that has demonstrated a resolute commitment to the energy transition. The Buxton BESS project, and others like it, allow us to enhance and balance grid stability and pave the way for a cleaner, more sustainable energy future.”

Ingmar Grebien, managing director at Goldman Sachs, said: “We are excited to execute this transaction with Atlantic Green providing the Buxton project with an innovative package of project financing combined with route-to-market services. We believe that automated real time trading with expert market overlay is key to the successful management of flexible assets that are critical to the energy transition.”