WFW advises lenders on £235m financing for 680 MW BESS project6 November 2025
Due for completion in 2026, the project is Statera’s largest consented BESS project to date.
Due for completion in 2026, the project is Statera’s largest consented BESS project to date.
Located in Bradford, West Yorkshire, UK, the Old Allen Road project is expected to be operational by May 2027.
The project will be transmission connected and significantly increase the UK’s installed BESS capacity.
Watson Farley & Williams advised AMPYR Distributed Energy on a £170m debt facility granted by Crédit Agricole Corporate and Investment Bank.
Watson Farley & Williams advised NatWest and SMBC as lenders on a debt financing and uncommitted accordion facility.
WFW advised a consortium of lenders on the £180m debt financing of a 612 MW/1.6 GWh BESS portfolio for Constantine Energy Storage LLP.
The project is the largest co-located solar and BESS project under construction in the UK.
On 13 February 2025, the application window opened for Allocation Round 7 (AR7) of the UK government’s Contracts for Difference scheme. AR7 introduces the Clean Industry Bonus, superseding the previous ‘Sustainable Industry Rewards’.
We advised L&G NTR Clean Power Fund, on its acquisition, alongside the Development Bank of Japan Inc., of a 10% stake in the 714 MW East Anglia ONE offshore wind farm from Macquarie Asset Management.
Located in Cornwall the project will connect into the transmission network at the Indian Queens substation.
National Grid is planning to build two primarily offshore transmission cable routes to carry clean energy from Scotland to demand centres in England.
The tender process in the Crown Estate’s Celtic Sea floating offshore wind opened on 28 February 2024. The first stage for prospective bidders is the pre-qualification questionnaire.
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