Burges Salmon advises Pulse Clean Energy on energy storage acquisition
The firm’s Corporate Group has completed the acquisition of a 99MW battery energy storage system on behalf of Pulse Clean Energy
Burges Salmon has advised Pulse Clean Energy Limited, a London based energy transition company, on its acquisition of a 99MW battery energy storage system in Hampshire from Harmony Energy Income Trust plc.
The acquisition will help advance Pulse Clean Energy’s pipeline of battery energy storage system projects in the UK market and support the company as it aims to build a portfolio of over 1GW of energy storage assets to support the UK’s net zero ambition.
The legal team advising Pulse Clean Energy was led by Burges Salmon’s Corporate Group including partner Jonathan Eves, senior associate Bethan Penrhyn-Jones, associate Elena Visser-Adams and senior apprentice Charlie Morgan. The Corporate team had support from specialists across the firm, including Alec Whiter, a partner in the firm’s energy projects team.
Jonathan Eves comments: “We’re pleased to have advised Pulse Clean Energy on this important acquisition which complements its ongoing work to build a market leading portfolio of battery storage and stability assets.”
Pauline Barker, Investment and Development Director at Pulse adds: “This acquisition is a continuation of Pulse’s success through recent BESS and Pathfinder acquisitions, debt-raise activity and the transformation of the diesel generation sites. We’re very appreciative to the team at Burges Salmon for their work on the project.”
Burges Salmon has a strong corporate practice in the UK, acting on high value and complex transactions, and supporting fast growing companies with their growth ambitions. Over the past year, the team has advised on over 110 transactions for domestic and international clients, particularly in the energy, healthcare, life sciences and financial services sectors.