Watson Farley & Williams (“WFW”) advised BW ESS on its acquisition from Navacant of two utility-scale standalone Spanish battery energy storage system (“BESS”) projects with a combined capacity of 126 MW and up to 675 MWh.
Located in the Valencia region, the 99 MW and 27 MW projects have been under development for approximately 18 months. They are expected to reach ready-to-build status in 2027, with commercial operations targeted for 2028.
BW ESS is a global energy storage owner-operator, developing and operating large-scale battery storage projects that support grid stability, renewable energy integration and long-term energy resilience. In Spain, it is progressing an initial 2.2 GW pipeline comprising eight projects across several regions.
Navacant is a Spanish renewable energy and energy storage developer focussed on developing projects that contribute to the energy transition and decarbonisation of the Spanish electricality system.
The WFW Madrid Corporate and M&A team that advised BW ESS was led by Energy Sector Head – Europe & Americas and Head of The Madrid Office María Pilar García Guijarro and Corporate and M&A Partner Javier Ruffín, supported Senior Associate Pablo Manchado and Associates Mar Clavijo and Cristina Martínez. Regulatory advice was provided by Partner Lidia Fernández.
María Pilar commented: “We are delighted to have advised BW ESS on this strategic acquisition, which further strengthens its presence in the rapidly developing Spanish energy storage market. Battery storage plays a key role in supporting the integration of renewable energy and the development of energy transition and digital infrastructure assets, enhancing the flexibility and resilience of Spain’s electricity system. This transaction once again demonstrates WFW’s leading M&A and sector expertise across the full lifecycle of energy projects”.
Javier added: “It has been a pleasure to support BW ESS on this important transaction. The acquisition reflects the growing appetite for high-quality battery storage projects in Spain and BW ESS’s commitment to building a diversified, long-term energy storage platform in the market”.
