The presidential presentation gives 1,000–1,500 MW of solar and 250 MW of battery storage for 4–6 hours. The earlier deal book gives 1.5 GW solar and 250 MWh storage. Solar figures align at the upper end; battery power and energy units require confirmation.
Project overview
Investment opportunity
Earlier deal-book capex totals £1.095bn, comprising £1.026bn for solar and £69m for battery storage, equivalent to US$1.45bn.
Investment types sought
Project status
Development stage
Feasibility & due diligence
Current status / progress to date
The DPR has commenced, while the DPR, ESIA and grid impact studies remain ongoing. The presentation indicates Phase 3 commissioning in 2028. Participating 24H+ projects will be required to purchase power from Buipe; 24H Parks Energy PLC is proposed as the lead offtaker. PPAs are pending.
Expected impact
Jobs created / supported
12,500 construction jobs and 700 permanent jobs; 13,200 total direct jobs reported.
Economic & development benefits
- Competitive electricity tariffs for commercial, non-residential and residential customers
- Target tariffs of US$0.09/kWh for commercial and non-residential customers and US$0.10/kWh for residential customers
- Lower electricity costs compared with referenced average tariffs of US$0.182, US$0.16 and US$0.178/kWh
- Creation of 12,500 construction jobs and 700 permanent jobs
- Generation of 13,200 direct jobs in total
Climate & resilience benefits
- Solar generation and battery storage to support lower electricity tariffs
- Improved energy security through more stable power supply
- Enhanced grid stability and peak-shaving capability
- Potential climate mitigation benefits from renewable energy generation
- Emissions reductions not quantified in the source documentation
Contact
Contact team
For more information about this project, please contact the Commonwealth Investment Platform team.