16 May 2017 | 04:44 pm |
International law firm Pinsent Masons has advised Element Power on the construction, procurement and sale of its Tynemouth Energy Storage project to ENEL for an undisclosed sum.
Last summer, the storage project in North East England broke new ground when it won one of the eight contracts with National Grid to provide services as part of its first enhanced frequency response tender. The initiative aims to alleviate grid constraint due to the UK’s increasingly diverse energy generation mix.
Pinsent Masons says the 25 Megawatt project signifies a step change for the UK's energy industry as the market provides solutions to ensure essential energy supply remains in balance and resilient.
Pinsent Masons' energy partner, Ian McCarlie, led a team advising Element Power on the sale supported by senior associate Paul McGuickin. Energy partner, Melanie Grimmitt, lead on the procurement and construction work with a team which included senior associate Helen Bone associate Alex Murdie and solicitor Raphael Tuffin.
Commenting on the deal McCarlie said: "Energy storage has received significant interest in recent months as the UK grapples with increasing demands on its grid network together with the diversification of its energy mix. Innovative technology such as battery storage will become increasingly important to the future of the UK's energy supply. This ground breaking project will increase efficiency and improve resilience across the grid."
Element Power is a leading independent international developer and investor in energy projects.
Key Contacts
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
Multinational law firm Pinsent Masons has advised Gulf Navigation Holding PJSC (Gulf Nav), the only maritime and shipping company listed on the Dubai Financial Market, on its landmark reverse takeover of Brooge Petroleum and Gas Investment Company from NASDAQ-listed Brooge Energy Limited.
Multinational law firm Pinsent Masons has hired energy specialist Chris Sawyer to join the corporate team as a partner in the firm’s Aberdeen office from 27 May.
Multinational law firm Pinsent Masons has today announced its latest round of partner promotions, with 24 set to join its global partnership on 1 May.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]