UK Infrastructure Bank provides £60m loan for Kent energy storage park

Cecilia Keating
clock • 2 min read
UK Infrastructure Bank provides £60m loan for Kent energy storage park

Sheaf Energy Park expected to be one of the UK's largest battery storage schemes once completed

The UK Infrastructure Bank has announced a £60m loan to support the development of a new 249MW energy storage park at the site of a former thermal power station in Kent. The public infrastructure bank's...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Infrastructure

Global Urban Data Centres Pact: Over 30 cities sign up to tackle data centre growth in urban areas

Global Urban Data Centres Pact: Over 30 cities sign up to tackle data centre growth in urban areas

New initiative aims to address residents' concerns about expansion of AI and digital infrastructure, in a bid to ensure growth is not detrimental to communities or the environment

clock 23 June 2026 • 3 min read
DESNZ: Pylons the 'fastest, most cost effective' way to upgrade UK grid

DESNZ: Pylons the 'fastest, most cost effective' way to upgrade UK grid

Government backed studies finds that while new underground cable methods are cheaper than traditional techniques, average costs are still between 3.5 and 5 times higher than overhead lines

Stuart Stone
clock 12 June 2026 • 3 min read
NESO: Grid connection offers in place for over half the projects needed by 2030

NESO: Grid connection offers in place for over half the projects needed by 2030

Government-backed agency reveals over 700 shovel-ready energy projects have received grid connection offers, unlocking nearly 40GW of extra capacity

James Murray
clock 10 June 2026 • 3 min read