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Insider

Financial Close Reached For Second Phase Of Battery Storage Project

12th March 2021

Still Waters Green Technology (SWGT) and Santander UK have reached the £28m financial close on the second phase of the Mannington battery storage project in Swindon.

Scheduled to reach commercial operations in October 2021, the battery asset is on track to become the first operational two-hour duration BESS asset in the UK.

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Business & Innovation

SWGT Secures £28 Million Support From Santander For Swindon’s Mannington Battery Storage

11th March 2021

Independent battery energy storage system asset manager Still Waters Green Technology, has secured £28 million support finance from Santander for Phase 2 of the Mannington project, being an extension of the project into a 35MW/70MWh (2 hour duration) utility-scale, subsidy-free BESS asset in Swindon.

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Our Firm

IMG

SWGT’s mission is to create superior value for our investors, partners and communities through our single-minded pursuit of integrity, accountability and innovation around the green concept. With every one of our investments, we are committed in delegating our knowledge and capital for the long-term well-being and prosperity of the region.

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Our Services

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Origination

1.Site Appraisal and Pre-development acquisition

2.Planning permits, Grid offer and land application and financing

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Optimisation

1.Maximise investors and shareholders’ value

2.Provide cost efficient design and solutions

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Construction

1.Excel at EPC, project financing and operational management

2. Accord priority to safety

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Asset Management

1.Enhance and maximise portfolio value

2. Utilize a vast variety of financing and investing facilities to achieve financial goals

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Energy Analytics

1.Provide an array of grid support and protection management capabilities with grid connection feeds in to the system

2.Assist in designing the optimal storage solution

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Financial Engineering

1.Customize risk and return profile specific to investors' targets

2.Utilizing financial tools to optimize your investment portfolio and address your financial needs

"Still waters run deep."

—Quintus Curtius Rufus, Roman historian

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