- Nala Renewables expands its energy storage portfolio with a further four battery energy storage systems
Nala Renewables expands its energy storage portfolio with a further four battery energy storage systems
Nala Renewables Ltd (“Nala Renewables”), a global power and renewable energy investment and development platform has expanded its portfolio of battery energy storage systems (“BESS”) to include four new projects under development in New York State.
Nala Renewables is developing four new BESS projects located in New York ISO Zone K (Long Island), through a development services agreement with New York-based power and infrastructure developer Rhynland Energy. The companies are working together with the aim to bring into construction a total expected storage capacity of up to 280MW by mid-2024. The sites have been procured, and interconnection and entitlement work has commenced.
Nala Renewables, headquartered in the United Kingdom and jointly owned by IFM Investors and Trafigura, has built its presence in six countries since its inception and sees the United States as a growth market in its expansion plans. The portfolio is part of Nala Renewables’ broader energy storage strategy which has recently seen it initiate construction of a 25MW BESS project, one of the largest projects of its kind in Belgium.
“The projects will provide storage capacity that will help New York State meet its climate goals while ensuring local reliability,” said Jasandra Nyker, CEO of Nala Renewables.
“Rhynland Energy is very pleased to be working with Nala Renewables, which is owned by two world-class energy investors, on BESS projects that will help provide much needed dispatchable capacity on Long Island and will support the development of renewable resources in New York State,” said Gus Hadidi, Managing Director, Rhynland Energy.
About Nala Renewables
Nala Renewables Ltd. is a global power and renewable energy investment and development platform formed in 2020 by Trafigura, one of the world’s leading independent commodity trading companies and global investment management firm IFM Investors. By 2025, Nala Renewables aim is to build a global portfolio of renewable energy projects with a cumulative generative capacity of four gigawatts to be operating, in construction, or in late-stage development. Nala Renewables already owns and is developing assets in Belgium, Chile, France, the Netherlands, Poland and the US.