Our cross-jurisdictional clean energy team has been instrumental in tackling the legal issues around energy storage projects and have experience of advising across the project lifecycle.
We provide end-to-end advice in relation to the financing, development and ultimate sale of grid balancing and stand-alone energy storage projects and multi-technology projects which combine energy storage with other assets such as solar.
Our recent experience includes:
- Advising in relation to a number of projects which successfully bid for the National Grid EFR, FFR, and Capacity Market Auction contracts.
- Advising banks and funders in relation to the project structuring and funding options for multi-technology, grid balancing and stand-alone energy storage projects.
- Providing go-to-market advice in relation to different revenue models including corporate PPAs, complex private wire projects with a long-term take-or-pay PPA, and bespoke contracts that provide secure revenue streams.
We are associate members of the Electricity Storage Network
- Advising Santander on a £multi-million debt funding to Zenobe Energy. This funding is the second facility Santander have provided for Zenobe in respect of the development of battery storage assets.
- Advising The Renewable Infrastructure Group on its acquisition of the 20MW Broxburn energy storage plant in Scotland - one of the first large-scale commercial power storage projects in the UK.
- Advising Guinness Asset Management on its investment in one of the UK's first solar plus battery storage projects. The project will see a Tesla battery added to one of the UK's largest rooftop solar installations at the Telford distribution centre of Lyreco.
- Advising Eelpower on its acquisition of The 20MW Rock Farm, one of the UK's largest energy storage schemes, from Anesco. This acquisition is one of a number that Eelpower plans to complete by 2022 to deliver 1GW of storage capacity.
- Advising Low Carbon in relation to two Enhanced Frequency Response (EFR) battery projects with a total capacity of 50MW which will deliver a quarter of the EFR 200MW capacity secured by National Grid. These sites were also awarded capacity market contracts.