Gowling WLG has advised Eelpower on the deal.
Eelpower secured a multi-asset agreement with Swiss sustainable energy infrastructure fund manager SUSI Partners.
The joint venture will see Eelpower and SUSI construct and operate a pipeline of new build battery storage assets, which will make a significant contribution to meeting the UK’s demand for energy storage. Construction of a new 50MW battery storage project will begin in February 2021 at Dunsinane, near Dundee, Scotland.
As part of the deal, SUSI also purchased 40MW of Eelpower’s existing electricity storage assets, which along with the new assets, will continue to be managed by Eelpower.
Co-head of Gowling WLG’s energy sector, Gareth Baker (Picture), led the transaction, working with Roisin Bergin, Ben Parker and Stephen Bowman (corporate energy), Helen Emmerson (real estate), Richard Crawley (finance), Tom Rank (tax), Gus Wood and James Stanier (commercial energy & regulatory).
Involved fees earner: Gareth Baker – Gowling WLG; Roisin Bergin – Gowling WLG; Stephen Bowman – Gowling WLG; Richard Crawley – Gowling WLG; Helen Emmerson – Gowling WLG; Ben Parker – Gowling WLG; Tom Rank – Gowling WLG; James Stanier – Gowling WLG; Gus Wood – Gowling WLG;
Law Firms: Gowling WLG;
Clients: Eelpower Limited;