Acquisition of two utility-scale battery storage development projects
The Targets are SPVs for two utility-scale battery storage development projects, one of which at 1.4GW capacity will be the world's largest battery project (once constructed).
West Burton Energy is an independent power producer based in the United Kingdom. It currently operates a 1332 MW Combined Cycle Gas Turbine (CCGT) power station and a 49MW battery energy storage system located in Nottinghamshire, England.
The BDO project team included:
TS: David Bevan, Brian Wong
Tax: Sam Boundy, Matt Barr, Fi Gandhi (VAT), Dilan Chohan
SPA: John Rouse, Laurence Mills, Linda Moore, Lawrence McGinley.
“I was delighted to work with the BDO team on the transaction. The team provided valuable support to the process and demonstrated flexibility to work with an evolving process enabling tight deadlines to be met. I look forward to working with them on other transactions.”
Morris Van Looy, Head of Growth and Strategy, West Burton Energy