1.90P

50MW Gas Peaker

50MW Gas Peaker

Avonmouth Gas Peaker

Key Facts

50MW Shovel Ready Gas Peaker Located Outside Bristol
100% Owned by FGS
Plan to Advance to Financial Close in 2021
Partnership with FPC Electric Land Ltd

Corcel has acquired six months of exclusivity over a 100% interest in the Avonmouth gas peaker project from Electric Land Ltd, located outside of Bristol, England.   Corcel also receives exclusivity over an additional 15MW grid connection and associated land at the site, giving it the rights to take on the connection for use in a potential generation or battery project on similar terms.

Avonmouth Project

The Avonmouth project is a 50MW gas peaking project located approximately 7 miles Northwest of Bristol.  The site location is an area of greenfield land within an established industrial estate and comprising a total of 4.36 acres.  The project is "shovel ready" with a 50MW grid connection, gas connection, planning permission and land rights.  Co-located at the site are two other projects, a 33MW site being developed by a third party, and a 15MW site expected to be made available for a generation or battery installation over 1.38 acres.

The Company, following comprehensive due diligence on the project, has received third party estimates of annual gross margins of between £67-101k per MW/per annum once the project is operational. 

The site is expected to consist of 25 x 2MW generating units, switchgear and welfare cabins, workshop, gas pressure reduction installation, customer compound, DNO substation, comms tower, balancing pond and landscaping.  Opportunities for enhanced offtake and private wire connections are currently under discussion with several industrial and commercial customers located in the area. Following financial close, the project is expected to be commissioned in approximately 12 months.

 

Corcel has acquired six months of exclusivity over a 100% interest in the Avonmouth gas peaker project from Electric Land Ltd, located outside of Bristol, England.   Corcel also receives exclusivity over an additional 15MW grid connection and associated land at the site, giving it the rights to take on the connection for use in a potential generation or battery project on similar terms.

Avonmouth Project

The Avonmouth project is a 50MW gas peaking project located approximately 7 miles Northwest of Bristol.  The site location is an area of greenfield land within an established industrial estate and comprising a total of 4.36 acres.  The project is "shovel ready" with a 50MW grid connection, gas connection, planning permission and land rights.  Co-located at the site are two other projects, a 33MW site being developed by a third party, and a 15MW site expected to be made available for a generation or battery installation over 1.38 acres.

The Company, following comprehensive due diligence on the project, has received third party estimates of annual gross margins of between £67-101k per MW/per annum once the project is operational. 

The site is expected to consist of 25 x 2MW generating units, switchgear and welfare cabins, workshop, gas pressure reduction installation, customer compound, DNO substation, comms tower, balancing pond and landscaping.  Opportunities for enhanced offtake and private wire connections are currently under discussion with several industrial and commercial customers located in the area. Following financial close, the project is expected to be commissioned in approximately 12 months.

 

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