Alcemi Reaches Milestone in Europe's Largest BESS Portfolio with Addleshaw Goddard's Guidance
Deal News | Jan 08, 2025 | Addleshaw Goddard
International law firm Addleshaw Goddard has played a crucial advisory role for Alcemi Storage Developments as it progresses with Europe's largest battery energy storage system (BESS) portfolio. This article details Alcemi's partnership with Copenhagen Infrastructure Partners (CIP), aiming to construct a formidable 1.5GW/3GWh capacity of projects in Scotland with significant biodiversity and grid infrastructure benefits. The latest projects, Coalburn 2 and Devilla, each with 500MW/1000MWh, underline the rapid advancement of BESS technologies, vital for grid stability and a renewable future. Addleshaw Goddard's team has been integral to Alcemi's energy ventures, providing detailed legal and corporate guidance throughout the company's growth since 2019. As these projects unfold, they propagate Scotland's strategies for renewable expansion and grid security, aligning with broader UK net-zero targets.
Sectors
- Energy Storage
- Legal Advisory
- Renewable Energy
Geography
- United Kingdom – The projects and developments are taking place in Scotland, UK, and are significant for the UK's renewable and energy storage ambitions.
- Europe – The projects form the largest BESS portfolio under construction in Europe, highlighting the significance on a continental scale.
Industry
- Energy Storage – The article revolves around the development of Battery Energy Storage Systems (BESS), signifying its prominence in the energy storage industry.
- Legal Advisory – Addleshaw Goddard serves as the legal advisor, facilitating the battery projects by providing necessary legal support, which is characteristic of the legal advisory industry.
- Renewable Energy – The projects discussed in the article are pivotal in aiding the transition to renewable energy, reflecting the relevance of this sector.
Financials
- 500MW / 1000MWh – Capacity of each new energy storage project at Devilla and Coalburn 2.
- 1.5GW / 3GWh – Total BESS capacity under construction by Alcemi in the UK.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Addleshaw Goddard | Legal Advisor | Company | An international law firm providing advisory services for Alcemi's energy storage developments. |
| Alcemi Storage Developments | Target Company | Company | A leading energy storage project developer, advancing significant BESS projects in the UK. |
| Copenhagen Infrastructure Partners (CIP) | Investor | Company | A private equity firm partnering with Alcemi to finance and develop energy storage projects. |
| Sarah Baillie | Partner & Energy Expert | Person | Co-Head of Power Sector at Addleshaw Goddard, leading the legal advisory for Alcemi. |
| James Forster | Development Director | Person | Development Director of Alcemi who commented on the project's progress. |