New energy company
Forsa building plans around flexible power
Scottish developer 2020 Renewables and London-based Velocita Energy Developments are creating a new fleet of flexible gas generation units combined with energy storage and low cost renewables.
The new business, Forsa Energy, starts with a portfolio of more than 750MW fully-consented onshore wind and energy storage schemes.
Alan Baker, chief executive (pictured), says: “The market is changing so fast it is hard for government and regulators to keep up.
“The recent auction of offshore wind contracts – where costs have more than halved – shows that renewable energy projects will continue to get cheaper as long as there is a market for their power.
“At the same time, storage technologies – including established solutions such as pumped storage – offer new possibilities for how energy can be generated and managed, whilst small-scale decentralised gas generation can deliver flexibility and fast response.”
Forsa Energy’s current portfolio comprises 150 MW of consented and 225MW of advanced development onshore wind and a fully-consented 400MW pumped storage scheme being developed in conjunction with joint venture partner Buccleuch.