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
