Watson Farley & Williams Advises on Eku Energy Financing
Deal News | May 22, 2025 | Watson Farley & Williams
Watson Farley & Williams, a prominent legal advisory firm, has acted as the advisor to major financial institutions, NatWest and SMBC, in the financing of a Battery Energy Storage System (BESS) project for Eku Energy. The financing structure included a debt financing arrangement alongside an uncommitted accordion facility, providing the necessary capital to advance the energy initiative. This transaction highlights the critical role of legal advisors in the structuring and execution of complex financial deals, particularly in the energy sector where innovative solutions such as BESS are increasingly vital. The involvement of such well-established financial entities underlines the confidence in and potential of the BESS project.
Sectors
- Legal Services
- Financial Services
- Renewable Energy
Geography
- United Kingdom – NatWest, one of the lenders, is a prominent UK-based financial institution.
Industry
- Legal Services – Watson Farley & Williams provided legal advisory services in structuring the finance deal.
- Financial Services – NatWest and SMBC are financial institutions involved as lenders in the project financing.
- Renewable Energy – The financial deal pertains to a Battery Energy Storage System (BESS) project for Eku Energy, a renewable energy application.
Financials
- Not specified – The article mentions debt financing and an uncommitted accordion facility, but no specific amounts are provided.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Watson Farley & Williams | Legal Advisor | Company | A law firm providing advisory services for financial transactions. |
| NatWest | Lender | Company | A major UK-based financial institution involved in the lending process for the BESS project. |
| SMBC | Lender | Company | A global financial institution involved in the lending process for the BESS project. |
| Eku Energy | Project Target | Company | The recipient of the project financing for their Battery Energy Storage System. |