Experience

Harmony Energy Income Trust plc completes the acquisition of a 99 MW/198 MWh energy storage project known as "Bumpers"

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Overview

Client

Harmony Energy Income Trust plc

Harmony Energy Income Trust plc (HEIT plc), an investment company listed on the Specialist Fund Segment of the LSE, has completed the acquisition of a 99 MW/198 MWh battery energy storage project known as "Bumpers" from Harmony Energy Limited (HEL).

Bumpers was the first project available for acquisition by HEIT plc pursuant to the terms of a Pipeline Agreement entered into between HEIT plc, HEL and Ritchie-Bland Energy (Number 2) Ltd. at the time of the IPO. The Pipeline Agreement grants HEIT plc preferential rights to acquire a pipeline of energy storage projects from the pipeline sellers. 

Fasken advised HEIT plc with a team co-led by Guy Winter and Laura Bradley, and included Chloe Gill-Braun, Lucinda Patrick-Patel and Carlie Marrows.

Jurisdiction

  • United Kingdom

Team

  • Guy Winter, Partner | Capital Markets, London, +44 (0)20 7917 8535, [email protected]
  • Laura Bradley, Partner | Energy and Climate, London, +44 (0)20 7917 8585, [email protected]
  • Lucinda Patrick-Patel, Senior Associate | Corporate/Commercial, London, +44 (0)20 7917 8553, [email protected]
Guy Winter Guy Winter Partner | Capital Markets London +44 (0)20 7917 8535
Laura Bradley, Partner | Energy and Climate Laura Bradley Partner | Energy and Climate London +44 (0)20 7917 8585
Lucinda Patrick-Patel, Senior Associate | Corporate/Commercial Lucinda Patrick-Patel Senior Associate | Corporate/Commercial London +44 (0)20 7917 8553