DAVY VIEW

The announcement that Corre Energy has formed a joint venture (JV) with SemperPower to develop a battery storage asset at its Zuidwending (ZW1) site underlines the strategic value of critical energy transition infrastructure. Complementing its future compressed air energy storage (CAES) asset, and sharing the same grid infrastructure, the project should enhance the income potential and value of the company’s existing Dutch assets for a limited additional investment. Furthermore, Corre Energy should realise value from the project on a speedy timeline, with a development fee realisable at financial investment close (FID).