Two Planning Consents and 100MW Submission Complete Strong End to 2021

Electric Land continues to maintain significant growth and closed 2021 with a strong final quarter. The most notable developments in Q4 2021 were the two planning consents we achieved, a 12MW Battery Storage plant and a 7MW Reserve Power plant, and 100MW Battery Storage planning submission.  The 12MW Battery Plant is in Bedford and we expect it to be operational in 2023. The site will be our first partnership with Grid Source. The 7MW Reserve Power site is in Newark, and we hope the site will be operational by the year end. The site will be developed and operated by Conrad Energy, our fourth Reserve Power project with Conrad.

We have also brought forward the connection date of our Battery project in Newport. Originally due to connect in 2026 the site has been given the green light to connect this year, and we hope the project will be on site by the end of Q2. The 20MW Battery site is adjacent to our operational 20MW Reserve Power site, operated by Sembcorp. This will be our third project with Welsh Power, alongside two operational Reserve Power sites in South Wales.

We continue to grow our development pipeline. We submitted two further planning applications in Q4 2021. A 100MW Battery Storage application just south of Norwich, which promises to be our largest standalone development to date. We also submitted an application in Havant, which we own, for a flexible generation scheme totalling 20MW. Our 32MW Battery Storage Plant in Avonmouth operated by Voltalia also energised for the first time in December and is now fully operational. Our specialist in-house development team secured an additional 247MW of capacity across 5 sites nationwide in Q4 2021. We hope to have planning submitted for all 5 sites in Q1 this year. In total we are on target to add over 500MW of projects to our portfolio this calendar year.  

We have ambitious plans to continue building on this growth and would be delighted to discuss how we can partner with operators, developers, and investors.

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