AN energy storage facility in Fife has been acquired by overseas investors in a deal that reflects strong interest in the sector amid the energy transition.

TagEnergy acquired the Roaring Hill battery storage project near Glenrothes from renewable energy company RES for an undisclosed sum.

RES noted that roaring Hill consists of 18 battery enclosures. The facility is expected to be brought into operation this year, to help balance the supply and demand of energy.

Plants such as Roaring Hill can store renewable energy for release when needed. These can help maximise the potential of renewable energy facilities whose output is dependent on weather conditions.

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TagEnergy chief executive Franck Woitiez, said the acquisition was an important step forward for the firm as it sought to drive the pace of transition to renewables through projects that deliver reliable energy affordably and at scale.

The company is part of the Impala SAS group owned by French telecoms entrepreneur Jacques Veyrat.

RES describes itself as the world’s largest independent renewable energy company, with operations in Europe and North America. The Hertfordshire-based company developed a battery storage facility in Broxburn, which was acquired by The Renewables Infrastructure Group.

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Its portfolio includes windfarms across Scotland.