Magnora ASA announced that it adds an additional 80MW/160MWh BESS project to the initial portfolio. The progress on the first two projects have been as expected and the projects have received a grid offer and EIA work has commenced. Magnora estimate sale during 2023.

The work has so far been carried out in accordance with the business plan and are pleased with the cooperation with UK based partner. The 80MW/160MWh BESS project is located on brown field land in an industrial area. Magnora have agreed HOTs with the landowner, a grid connection offer has been received and grid deposit was paid October this year.

The assessment is that due to the location, a relatively low number of surveys will be required and the local authority's support for green energy projects, especially in an industrial location, is positive. Magnora's portfolio in the UK now, after the inclusion of the 80MW/160MWh BESS project, consists of a 60 MW solar PV project, and two Battery Energy Storage System (BESS) projects of 40MWh and 160MWh to a total of 200MWh.