Energy Group advises Pacific Green on the project development, senior financing and agreement to sell Sheaf Energy Park

3 minutes de lecture
08 novembre 2023

Our Energy Group has advised Pacific Green on the development, project financing and agreement to sell Pacific Green's second battery energy storage system (BESS) project at Sheaf Energy Park in Kent, England.

The Energy Group advised Pacific Green on the full suite of project contracts (led by energy sector co-leader and partner Jonathan Brufal), all legal aspects of the £120 million senior debt facility provided by NatWest and UK Infrastructure Bank to fund the development and construction of Sheaf Energy Park (led by Nath Curtis), and its agreement to sell the development (led by energy sector co-leader and partner Gareth Baker).

The Energy Group previously advised on the development, project financing and subsequent sale of Pacific Green's Richborough Energy Park Battery Development earlier this year. This work, alongside various other battery storage projects, further underlines Gowling WLG's market leading position advising developers, lenders, optimisers and investors in the thriving UK BESS industry.

The Gowling WLG team comprised partners Jonathan Brufal, Hugh Maule, Gus Wood, James Stanier, Nath Curtis, Lee Nuttall and Gareth Baker; principal associate Kate Shannon; associates Jamie Desmond, George Nixon, Jack Mitchell, Dan O'Donnell and Emily Chittick; trainee solicitors Alicia Dominique, Jack Qualtrough and Orissa Kaur; and paralegal Isabella Parkes.

Jonathan Brufal commented: "This is a major project for the UK battery storage sector and we are proud to have supported Pacific Green through this transaction. The project demonstrates our experience in the UK energy storage sector as the transition away from fossil fuels to more renewable sources accelerates. We look forward to seeing the long-term success of Sheaf Energy Park and continuing to work with Pacific Green in the future."

Hugh Maule added: "We are delighted to have assisted Pacific Green with this significant battery storage project and help secure the long-term future of Sheaf Energy Park Battery Development. This project represents the confidence in the renewable energy sector as the demand for storage capacity increases and we hope to play a role in other projects supporting the UK's energy transition."

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