Brookfield Acquires £820 Million Banks Renewables BESS Project in Scotland, Community Consultations Set for October 12.

Banks Renewables, a 400MWh BESS project in Scotland, has been acquired by Canadian investment firm Brookfield for around $1 billion (£820 million). The project is expected to have an operational lifespan of 25 years and is preparing for the first in-person consultation events on 12 October 2023 to allow members of the community to give their thoughts, help shape the proposals and highlight key local priorities which could be addressed using community benefits. Banks Renewables has secured planning permission for 14 wind farms across Scotland and has also been expanding its solar portfolio. In May 2023, Rotherham Metropolitan Borough Council approved a 49MW solar farm and 50MW battery storage facility in South Yorkshire.