Burges Salmon has advised independent energy specialist Balance Power on a milestone partnership with TagEnergy, to build, own, and operate 500MW of new energy storage projects in the UK.
The partnership will drive the UK forward on its journey to establish a clean, secure energy system, and will require investment of over £300 million to build the projects over the next four years. The agreement will deliver Balance Power’s first operating energy storage projects.
Specialising in solar, battery storage, and peaking technologies, Balance Power has been leading the way in decentralised energy projects since 2017, working with landowners, communities, and councils in the UK to decarbonise in line with national targets.
The Burges Salmon team advising on the deal was led by partners Jonathan Eves and James Phillips.
Jonathan Eves comments: “We are pleased to have advised Balance Power on such a significant partnership, furthering the company’s strong track record of development and contributing to its goals of providing sustainable power to the national grid.”