BESS trends in the UK Market: Charging Up26 November 2024
Examining recent trends in the UK Battery Energy Storage sector and anticipated near-term developments.
Examining recent trends in the UK Battery Energy Storage sector and anticipated near-term developments.
GGE has a portfolio comprising 213 MW heat and 70+MW electricity networks.
The transaction represents Masdar’s largest ever euro-denominated financing, its first project with Iberdrola and its first in Germany.
We advised Varco Energy HoldCo 1 Limited a wholly-owned subsidiary of Adaptogen Battery Storage LP, on its circa £58m project financing of a battery storage project portfolio consisting of two 57 MW project.
The financing structure covers the first 540 MW of projects in the portfolio, and includes fully committed senior debt facilities and an equity bridge loan.
Watson Farley & Williams has advised Mauritius Commercial Bank as agent and lender on an up to US$110m reserve-based lending facility and an up to US$30m working capital facility granted to Afentra Ltd for the acquisition from INA-Industrija d.d. of 4% interests in Block 3/05 and Block 3/05A offshore Angola in the Lower Congo Basin.
To mark its first birthday, the UK Infrastructure Bank has released its Strategic Plan, with clean energy earmarked as the largest sector for investment.
The project is being developed by OW, a joint venture between Engie and EDP Renewables.
Matrix Renewables’ portfolio currently comprises 2.1 GW of operational, under construction or near ready-to-build solar PV projects.
In light of the recent publication by the UK Infrastructure Bank of the discussion paper “Potential Private Sector Opportunities in Priority Sectors”, we have produced this short article for parties both interested, and already actively involved, in the UK infrastructure investment sphere.