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Eelpower addresses the challenges of the existing power infrastructure to deliver: - a more stable, less volatile supply by the grid - a better balance of supply and demand - reduced cost to consumers while allowing the nation to reduce its consumption of fossil fuels and increase security of power supply.
Opus is pleased to have advised Eelpower in connection with its new partnership with Next Energy Solar Fund (NESF: LON), the specialist solar power renewable energy investment company listed on the Premium Segment of the London Stock Exchange.
The partnership comprises a £100m joint venture including an initial acquisition of a 50MW, standalone, ready to build battery energy storage project in Scotland.
The joint venture is owned 70% by NESF, 30% by Eelpower, and builds on Eelpower’s successful partnership with SUSI Infrastructure Partners that was announced in January 2021.
This is another market leading transaction and a further example of Opus’s expertise relating to the energy transition. In addition to the earlier SUSI deal, it follows the sale of energy management software firm DEXMA to Nemetschek, the sale of Ecotricity’s Electric Highway to GRIDSERVE backed by Hitachi Capital, and Baringa Partners’ long-term partnership with BlackRock and the sale of its Climate Change Scenario Model.
