Development and operation of a 30MW battery storage facility at Fideoak Mill, Taunton, Somerset
Project summary
- In 2018, Opium Power Ltd and SSDC were interested in purchasing a site with planning permission for a battery storage facility. Prior to purchasing the site, the clients required a valuation report to satisfy their investors and councillors of the viability of the scheme as well as the level of the purchase price.
- The development of the battery storage facility has taken nearly two years to complete and, given the nature of the client, a further valuation was required in 2020, post completion to confirm the schemes viability.
Solution
- Working closely with the clients and their various professionals, Fisher German completed a detailed residual calculation in 2018. This involved thorough sensitivity analysis and valued the project on a number of different assumptions so that the case could be best presented.
- In 2020, the valuation was updated to show a completed battery storage facility – again undertaking thorough sensitivity analysis in relation to the various complex income streams.
Benefits
- The clients were able to satisfy their investors' and councillors' due diligence processes utilising Fisher German’s detailed valuation reports.
- This enabled the development and operation of a 30MW battery storage facility providing vital balancing services to the grid network.
