Location
Advisory services oversee deal for repurposing of Deeside Power StationProject summary
- Deal agreed with Triton Power (‘TP’) on behalf of Flintshire County Council (‘FCC’) for the re-use of the former 500MW Combined Cycle Gas Turbine power station.
- The site, mothballed for its original purpose in 2018, has now been adapted to provide National Grid ESO with vital system support services.
- TP, as tenant, will now be providing inertia and reactive power at the site without generating any electricity. This reduces the need for carbon emitting generators and enables more renewables.
- FCC required support to negotiate, agree and implement a Deed of Variation to the existing 99-year Lease.
Solution
- We undertook a comprehensive review of the contractual relationship between FCC and TP.
- The commercial and practical implications for FCC were considered and a full report was provided.
- We subsequently agreed terms with TP and their agents for a Deed of Variation to the Lease to allow the physical changes on site to be implemented.
Benefits
- Substantially improved rental terms.
- The repurposing of the site gives it renewed importance, having been mothballed as a power station in 2018.
- New employment to the region and delivery of cost savings to energy consumers under National Grid ESO’s stability pathfinder programme.
- It is believed to be the first conversion of a gas turbine rotor to provide standalone inertia and stability services anywhere in the world.
