Sale of 81MW storage portfolio


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

 

 

 

Cookie Consent

This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. By continuing to use our website, you agree to our

Privacy Policy