28 Jan 2020 | 10:41 am |
International law firm Pinsent Masons has advised Statkraft on the installation and operation of Ireland's first grid-scale battery storage project as part of the hybrid battery-and-wind Kilathmoy initiative.
Pinsent Masons advised Statkraft on all negotiations, including the equipment supply and installation (EPC) contract as well as on the long term servicing agreement to establishing a partnership with systems technology supplier Fluence for the project.
The hybrid battery-and-wind project, which combines 11MW of battery with 23MW of onshore wind will be fully operational in early 2020 and uses battery modules manufactured by LG Chem. Statkraft is set to enter into a contract with Irish transmission operator EirGrid through its DS3 flexibility market, providing reserves to the national electricity network and assisting in the management of frequency fluctuations on the network.
Alex Murdie, who led on the construction aspects of the project said, "We're delighted to have worked with Statkraft on this milestone project which will help to transform Ireland's energy mix." Helen Gray, who led on the long term service agreement added, "Innovative systems like these provide an effective solution by harnessing sophisticated technology to ensure that energy demand is continuously met, at a time when the electricity network is under increasing strain."
Richard Murphy, head of Pinsent Masons' Irish energy said, “In line with other energy markets, the roll out of co-located and standalone battery projects in Ireland is greatly enhancing the ability of renewables to deliver firm power and optimise revenues for the underlying project. We are seeing the storage sector mature quickly with several transactions coming to market”.
The multinational law firm Pinsent Masons advises the holding company of the founder Dr Hardy Walle on the sale of all shares of Bodymed AG to Nestlé Health Science.
Multinational law firm Pinsent Masons has been named as a top 20 Diversity Leader by the Financial Times, ranked 11th in its Diversity Leaders 2021 report.
Multinational law firm Pinsent Masons has advised the shareholders of Goodtill on its sale to SumUp
Multinational law firm Pinsent Masons advised Australian Gas Infrastructure Group (AGIG), one of the largest gas infrastructure businesses in Australia, on its new funding vehicle and secured AUS$4 billion debt programme.
Multinational law firm Pinsent Masons has advised the sponsors on the Taif independent wastewater treatment plant project in Saudi Arabia, with assistance from our associated Saudi Arabia law firm AlSabhan & AlAjaji.
Pinsent Masons has rolled out its Mindful Business Charter across its business in the Middle East. It adopts and promotes a culture of openness about mental wellbeing and encourages working arrangements that will reduce the unnecessary causes of stress and pressure in the workplace thereby ensuring higher team performances.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on