Downing Renewables & Infrastructure Trust (DORE) has acquired Mersey Reactive Power a UK-based, fully operational 200 MVAr shunt reactor for c.£11 million.
This grid services asset became operational in May 2022 and was the first project to go live as part of the National Grid's Stability Pathfinder initiative. The project, which has an expected asset life of 40 years, supports Great Britain's electricity system in voltage management, providing increased network resilience, reducing costs to consumers and lowering carbon emissions. Mersey Reactive Power has an initial fixed priced, inflation-linked, availability-based contract with National Grid ESO until 2031.
