The construction costs of the project are expected to be about 214 million pounds (887 million shekels), while it is expected to generate annual revenues of about 42 million pounds (174 million shekels), and the annual cash flow operating profit is expected to amount to about 35.5 million pounds (147 million shekels). ). The project is expected to connect to the electricity grid in the second quarter of 2024. In parallel with the project, the partnership is promoting entry into other large storage projects in the UK.
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The UK renewable energy market is growing steadily, with the aim of reducing the use of fossil fuels, including coal and natural gas. The UK Government’s policy includes targets for reducing pollutant emissions, which include reducing emissions by 68% by 2030, by 78% by 2035 and by 80% by 2050 (compared to 1990), by increasing the installed capacity of renewable energies.