Sale of 81MW storage portfolio
ENERGY STORAGE
ENERGY STORAGE
"Alexa Capital worked with us over a series of three transactions to complete a successful capital release and subsequent group sale. The team provided market insight to help us position our business to attract maximum levels of interest, plus provided strong execution support through the process. We now have a highly supportive new owner, and we achieved good value for our former shareholder. I would certainly recommend Alexa Capital."
Mark Futyan, CEO, Anesco
SYNOPSIS
- On 30th October 2020 Alexa Capital completed the sale of 80MW of front-of-the-meter battery storage assets on behalf of Anesco Ltd to Gore Street Energy Storage Fund
ALEXA CAPITAL’S ROLE
- Alexa provided financial and structuring advice on the sale to strategic buyers
WHAT THE TRANSACTION MEANS FOR THE ENERGY SECTOR
- The success of the sale ensures that capital is recycled into the UK renewables and energy storage sector, crucial to drive growth in flexibility going forward
- As one of the largest portfolio transactions of its kind in the UK these batteries will be used in a mix of merchant and ancillary revenue functions, and are well placed to capitalise on the increased volatility in power markets resulting from higher renewables penetration