Hawthorn Pit Solar Farm
This document from the Department of Business, Industry and Industrial Strategy lists all the Contracts for Difference Allocation Round 6 results for the supply of zero-carbon electricity.
Hawthorn Pit solar farm was given a Contract for Difference.
The solar farm has a web page on the Aura Power web site, where this paragraph describes the solar farm.
Aura Power is working on a solar farm proposal between Murton and South Hetton, with a capacity of up to 49.9MW (Megawatts). The solar farm will be built without subsidy and would generate enough clean electricity to power the equivalent of over 17,000 homes, saving around 15,203 tonnes of CO2 from entering the atmosphere each year.
This Google Map shows the location of Hawthorn Pit.
Note.
- The Durham coast is at the East with Seaham at the North and Horden at the South.
- The A 19 runs North-South in the middle of the map.
- Hawthorn Pit substation is marked by the red arrow.
This second Google Map shows the substation in more detail.
There are a lot of switches and wires.
From the map on the Aura Power web site, it appears that the solar farm is to to the North side of the substation.
Eastern Green Link One
In the future Hawthorn Pit substation will also host the Southern end of Eastern Green Link One, which will be a a 2 GW high voltage direct current (HVDC) electrical superhighway to be built between the Torness area in East Lothian, Scotland and Hawthorn Pit in County Durham, England.
This is number one of four such 2 GW undersea connections that will distribute energy between England and Scotland.
Conclusion
Hawthorn Pit substation could growto an important interchange in the grid.
Aura Power Secures £10 Million Funding From Novuna
The title of this post, is the same as that of this article on Solar Power Portal.
These two paragraphs introduce the deal.
Aura Power has announced the successful closing of a £10 million debt facility with Novuna Business Finance. Novuna is a part of Mitsubishi HC Capital UK PLC, designed to support projects from early development through to the operational phase.
Bristol-based Aura Power is developing an active pipeline of utility-scale solar PV and battery energy storage of about 12GW in the UK, Europe and North America. The funding will help progress global development for Aura, covering expenditures like grid payments, planning fees and legal land costs.
These two paragraphs describe some of Aura’s projects.
In December 2023, Aura was granted planning permission for a 100MW/400MWh battery energy storage (BESS) project in Capenhurst, Cheshire. It was the third UK project to receive planning permission last year, alongside Aura’s 49.9MW Horton Solar Farm located in East Devon and its 49.9MW Hawthorn Pit Solar Farm in Durham.
Aura has been active within the solar and battery industries, with a pipeline in development in excess of 20GW. Last week (2 May), following an appeal, the developer secured planning permission for an Essex solar farm that will have an export capacity of 30 MW.
Nearly, forty years ago, I started a finance company in Ipswich with a friend. Our financing was mainly directed towards truck leasing for companies moving containers to and from the Port of Felixstowe.
Before, I committed my money to that venture, I built a large mathematical model of the proposed business. I found, that there were some unique financial properties to leasing quality trucks, that meant losing large sums of money were difficult.
I wouldn’t be surprised that leasing battery energy storage (BESS) systems have a lot of things going for them, if you have the right contract.
This may explain, why there a large number of companies in the market of providing grid batteries.
- At the top end; Centrica, Rolls-Royce and SSE will supply you with one.
- Funds like Gore Street and Gresham House and others allow you to invest in batteries.
- At the other end of the market are companies like Aura Power.
I suspect, that as with truck-leasing company, the financial flows are very stable and investor-friendly, if you get the model right.
The Anonymous Widower 