Skip to main content
Client Work

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

Fasken
Reading Time 1 minute read Subscribe

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 (Paralegal).

Jurisdiction

  • United Kingdom

Team

    Subscribe

    Receive email updates from our team

    Subscribe