BESS
SAE welcomes Cabinet Secretary to showcase one of the largest Battery Storage sites in the UK
SAE was delighted to welcome Rebecca Evans MS, Cabinet Secretary for Economy, Energy and Planning to its Uskmouth Sustainable Energy Park (USEP). The Cabinet Secretary was able to see the significant progress being made in delivering one of the UK’s largest battery energy storage sites and our vision for USEP, which will provide security of…
Read MoreSAE successfully secures contract in latest Capacity Round Auction
SAE is pleased to announce it has secured a 15-year contract to provide vital, reliable electricity for the National Grid in the latest T-4 Capacity Market Auction Round (the “Auction”) through its 120MW AW1 Battery Storage project (the “Project”). SAE will be paid £60/kW/year for the duration of the contract. The Capacity Market ensures the…
Read MoreSAE’s vision for Uskmouth Sustainable Energy Park (“USEP”) – facilitating the expansion of renewable power and supporting the development of data centres and the AI revolution in Newport
SAE is the owner, developer and operator of the USEP. The site has been home to electricity generation for over 50 years but the way electricity is generated and used is changing and SAE is proud to be leading that change. SAE is transforming Uskmouth into one of the largest Battery Storage sites in the…
Read MoreSAE achieves planning milestone for its AW1 Battery Storage project at the Uskmouth Sustainable Energy Park
SAE is pleased to announce that it has discharged all of its pre-commencement planning conditions for the 120MW/240MWh Battery Storage project known as Afon Wysg 1 (“AW1”) at the Uskmouth Sustainable Energy Park. This will be the first Battery Storage project developed by SAE that it will build, own and operate. The delivery of the…
Read MoreSAE receives final payment from Battery project at Uskmouth Sustainable Energy Park (“USEP”)
SAE is pleased to announce it has received the final payment of £1.25m under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration of…
Read MoreSAE receives the penultimate milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)
SAE is pleased to announce it has received the penultimate milestone payment of £1.5m under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration…
Read MoreInterim results
Interim results By Admin | September 26, 2024 Interim results SAE announces its unaudited interim results for the six months ended 30 June 2024. A complete version of the interim results can be found on the Company website (www.saerenewables.com/investor-relations/company-documents). Key Highlights SAE received £7.0 million from the land sale contract with EL (Uskmouth) Ltd SAE acquired 100% ownership…
Read MoreSAE secures support to deliver more capacity at the world leading MeyGen project
SAE secures support to deliver more capacity at the world leading MeyGen project SAE is pleased to announce that it has secured a Contract for Difference (“CfD”) in the latest Allocation Round (“AR”), for the world leading MeyGen site. These CfD contracts, which guarantee 172 (£/MWh), for 15 years from 31st March 2029, the target…
Read MoreSAE has been provided with London Stock Exchange’s Green Economy Mark
SAE has been provided with London Stock Exchange’s Green Economy Mark SAE is pleased to announce that the London Stock Exchange has provided it with the Green Economy Mark. The Green Economy Mark, first introduced in 2019, was created to assist investors in identifying an investible universe of ‘green economy’ equities. The Green Economy Mark…
Read MoreSAE takes full ownership of 120MW/240MWh BESS project at Uskmouth
SAE takes full ownership of 120MW/240MWh BESS project at Uskmouth SAE has achieved the next step in delivering its ‘Building a Sustainable Future to 2035’ strategy by taking full ownership of the 120MW Battery Energy Storage System (“BESS”) project at the Uskmouth Sustainable Energy Park (“USEP”). According to the Company’s latest estimates, the BESS project…
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