23 October 2023

The first phases of Zenobē’s Blackhillock and Kilmarnock South battery energy storage system (BESS) projects have been awarded European Transaction of the Year in the BESS category of the IJGlobal ESG Awards 2023.

The BESS facilities reached financial close earlier this year with CIBC, NatWest, Rabobank, Santander and Siemens Bank providing loans of £235m including a £400m accordion facility within the debt structure. 

Construction of the Blackhillock site is now well underway and once in operation will avoid c.2.3m tonnes of CO2 from entering the atmosphere over 15 years by enabling more wind power onto the transmission network.

Read more about the award win on IJGlobal.com