Our Energy Transition team has advised NextPower UK ESG (NPUK) on the acquisition of a 29 MW ready-to-build battery storage project called Rutherglen located in Glasgow from Cambridge Power Limited. The Rutherglen project has an estimated commercial operation date in 2026 and is NPUK's first standalone battery energy storage system project, marking a milestone for the fund.

NPUK is a private unlevered UK solar fund that focuses on acquiring utility-scale solar and battery storage assets at the ready-to-build stage, constructing them through to energisation in order to build-out a large operating portfolio. Once the assets are operational, NPUK monetises its power sales through a fully contracted strategy which takes a hands-on approach to risk mitigation and value creation whilst optimising assets over the fund’s life. 

The advisory team was led by Corporate & Energy Transition Associate, Hannah Gough, with support from Gareth Baker, Global Energy, Nuclear, Natural Resources and Infrastructure Group Co-Leader. The advisory team was assisted by Russell Evans, James Stanier and Emma Kensett (Commercial and Regulatory Energy), Susannah Fink and Peter Chicken (Insurance Advisory), James Arnold (Corporate Tax), Jamie Desmond and Vince Gregor (Energy Transition, Infrastructure and Projects) and Funmi Adeyemo (Corporate).

Gowling WLG's multi-disciplinary Energy Transition team has a first-class reputation with regard to renewable and clean energy and operates seamlessly around the globe. The team has been advising on transactions across a range of energy transition technologies, including Atrato Onsite Energy on the disposal of the whole of its portfolio of solar assets to a joint venture owned by global investment firm, Brookfield, and RAIM Apollo;  Brockwell on its acquisition of London-based renewable energy developer, RNA-Energy Ltd and Pioneer on its investment into Perpetum Europe.