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