The acquisition brings ILI’s total developed and funded battery projects to 200MW, with a further 800MW on the way in 2021-2022.
“We are happy to finalize this transaction with Eelpower, and we would like to thank Mark Simon and his colleagues, as well as our own attorneys at TLT Damien Bechelli and Joanna Hamilton, for bringing this complex project across the line,” said ILI Group CEO Mark Wilson.
“This is the second battery storage transaction we’ve closed this month, bringing the total number of projects we’ve funded to 200MW. This year, another 150MW will be available for tender.
“As the government strives to provide supply security at a fair cost to customers, energy storage initiatives like these are apparent to be critical in the transition to a net-zero power system.”
“The 50MW Fordtown project represents another milestone in Eelpower’s joint venture cooperation with the SUSI Partners’ Energy Storage Fund,” stated Eelpower CEO Mark Simon.
“We’ve had a great time working with Mark Wilson and the ILI team, and we hope to execute more historic transactions with them in the future.”
