Catalyst Capital, a European real asset investment, development and fund management firm, has acquired a site next to the M1 motorway in Yorkshire for the development of a 100MW battery storage facility.
Catalyst Energy Storage Platform (CESP), headed by John Parsons, has acquired the leasehold interest in a brownfield site at the former Skelton Grange power station, south east of Leeds, from Referent, a renewable energy developer. The site is part of a regional hub for renewable energy and is adjacent to a 19.5-acre waste-to-energy facility, which is currently under construction.
Planning permission was granted last year for a 100MW battery storage facility. The construction tendering process is being managed by CESP‘s engineering adviser, Fitchner, with the intention that the site will be operational in the fourth quarter of 2022.
The site is one of a series that will be acquired by Catalyst as part of a GBP300 million, diversified UK battery storage facility strategy.
