Elements Green Secures Transformational Energy Transition Funding
Deal News | Aug 11, 2025 | White & Case LLP
White & Case LLP, an eminent global law firm, has advised renewable energy developer Elements Green on significant financing transactions that bolster the development of the Staythorpe Battery Energy Storage System (BESS) and aid the expansion of its pipeline in solar and energy storage sectors. This financing is facilitated by Goldman Sachs Asset Management's West Street Climate Credit Fund, marking its first deal, involving a construction bridge facility that supports the creation of the UK's second-largest standalone battery project. Further financial backing came from battery system supplier Hithium through vendor financing, and from Copenhagen Infrastructure Partners with a refinancing of an existing development expenditure facility. The project's strategic positioning at Newark-on-Trent in Nottinghamshire allows for an impressive 360 MW power capacity and 720 MWh energy storage, capable of powering over 95,000 homes. This initiative underscores private capital's vital role in bridging funding gaps crucial for the UK's net-zero objectives.
Sectors
- Renewable Energy
- Private Equity & Asset Management
- Legal Advisory
Geography
- United Kingdom – The Staythorpe Battery Energy Storage System is located in Newark-on-Trent, Nottinghamshire, and the financings aim to bolster the UK's energy transition infrastructure.
- Europe – This project marks one of the largest energy storage investments in Europe, highlighting its strategic significance on the continental stage.
- Global – Involvement of international players like Goldman Sachs Asset Management and the global advisory role of White & Case LLP emphasizes the global community's role in such projects.
Industry
- Renewable Energy – The article discusses significant investments in energy storage projects which are vital for supporting renewable energy infrastructure.
- Private Equity & Asset Management – The financing for the energy projects was facilitated by Goldman Sachs Asset Management and Copenhagen Infrastructure Partners, showcasing a decisive involvement of private equity in funding green energy initiatives.
- Legal Advisory – White & Case LLP, a law firm, is prominently involved in advising the companies on these financial transactions.
Financials
- Not Specified – The exact financial terms of the deals including the bridge facility and refinancing are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Elements Green | Target Company | Company | UK-based renewable energy developer involved in energy storage and solar projects. |
| Goldman Sachs Asset Management | Financier | Company | Provider of the construction bridge facility through its West Street Climate Credit Fund. |
| Hithium | Battery System Supplier | Company | Provided vendor financing for the project. |
| Copenhagen Infrastructure Partners | Financier | Company | Involved in refinancing existing development expenditure facility for Elements Green's projects. |
| White & Case LLP | Legal Advisor | Company | Global law firm advising Elements Green on the series of financings. |
| Kamran Ahmad | Partner | Person | Partner at White & Case LLP leading the advisory team for the transaction. |
| James Gates | Chief Investment Officer | Person | CIO at Elements Green commenting on the strategic importance of the financings. |