London law firm Howard Kennedy is pleased to announce that it has successfully advised on the acquisition of the third battery energy storage project for Atlantic Green UK Ltd, a joint venture between Interland (25%) and Nofar Energy (75%). The new project (260 MWh), which will add to the success of the Cellarhead (700 MWh) and Buxton (60 MWh) projects, brings Atlantic Green UK’s total energy storage capacity to over 1 GWh in the UK.
Atlantic Green is a strategic leader in the UK energy storage market bringing innovative and sustainable solutions to meet the needs of the UK power market. The latest project adds further capacity to store clean energy and feed it into the national grid during periods of high demand, stabilising the grid and supporting the integration of renewables into the energy mix.
Commenting on the project, Jonathan Cohen, Partner and Head of Energy at Howard Kennedy, said, “Batteries are the key to unlocking the full potential of renewable energies with their ability to maintain a balance between supply and demand. We are delighted to have worked with Atlantic Green again on this important project, which opens a gateway for the UK to move towards a green economy.”
Howard Kennedy’s Energy team advised Atlantic Green on all legal aspects of the project acquisition, including the negotiation and drafting of the land and SPA contracts and the grid connection arrangements. The team's expertise in renewable energy projects and battery storage technology ensured that the acquisition was signed successfully and on schedule.
The multi-disciplinary Howard Kennedy team included Jonathan Cohen, Jane Brassington, Jade Chalmers, Sam Shurkin, Christopher Duffy, William Daniels and James Tong.