Burges Salmon advises Kona Energy on sale of 200MW battery storage

The firm has advised Kona on its sale to Gore Street Energy Storage Fund plc, London's first listed energy storage fund supporting the transition to low carbon power

02 November 2022

Burges Salmon has advised Kona Energy on the sale of 200MW of battery storage to Gore Street Energy Storage Fund plc (GSF).

Kona Energy is one of the UK’s leading clean energy development companies. It is focused on developing grid-scale battery energy storage projects. These flexible assets are key to balancing energy supply and demand and increasing the utilisation of renewable power on the electricity system. Kona Energy is developing a 1000MW portfolio of large scale energy storage projects across the UK.

The project is one of the largest storage projects in Europe and GSF's largest acquisition to date. With this acquisition, GSF's portfolio will consist of 25 projects with a total capacity of 898MW in operation and construction in the UK, Ireland, Germany and the US.

The Burges Salmon team advising on the deal was led by partner Camilla Usher-Clark, senior associate Danny Perera, and associate Dan Wood, all from the firm’s Corporate team.

Camilla Usher-Clark comments: “We are delighted to have worked closely with Kona on the deal, which has seen the transfer of ownership one of the largest storage projects in Europe and GSF's largest acquisition to date.”

Andy Willis, Founder Director of Kona Energy, adds: “As one of Kona Energy's first major transactions, we decided to instruct Burges Salmon based upon their outstanding reputation within the UK renewables and storage industry. Our decision was vindicated, the quality of service was excellent. We'd like to thank Camilla, Danny and Dan for their commercial awareness, diligence and thoroughly personable approach throughout this transaction.

Key contact

Camilla Usher-Clark

Camilla Usher-Clark Partner

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