Field Energy Secures $51 Million to Build 110 MW BESS System in the UK

The Battery Energy Storage System is expected to become operational in June 2022

April 11, 2022

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Triple Point Energy Efficiency Infrastructure, an investment firm, announced that the Group, via TEEC Holdings, has signed contracts to provide a debt facility to a subsidiary of Virmati Energy to build a portfolio of four geographically diverse Battery Energy Storage System (BESS) assets in the UK (the Portfolio). The total facility amounts to £45.6 million (~$51 million) and carries a fixed interest rate to support TEEC to meet its dividend target.

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