Harmony Energy Storage ("Harmony") received equity investment by Ritchie Bland Energy to fund the development of its 500MW battery electricity storage project pipeline as announced by Ritchie Bland Energy on October 14, 2020. Ritchie Bland Energy purchased a 22.5% stake in UK project developer Harmony. The deal represents Ritchie Bland Energy's first investment.
In addition to acquiring a stake in the company, the investor will provide a long-term rolling credit facility to Harmony for the expansion of its development pipeline.
Fasken advised Harmony in connection with this transaction with a team comprised of Guy Winter (Lead), Laura Bradley (Corporate Finance) and Maurice Wong (Corporate Finance).
In addition to acquiring a stake in the company, the investor will provide a long-term rolling credit facility to Harmony for the expansion of its development pipeline.
Fasken advised Harmony in connection with this transaction with a team comprised of Guy Winter (Lead), Laura Bradley (Corporate Finance) and Maurice Wong (Corporate Finance).
