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 hired Gillian Harrington to join the firm’s Aberdeen office as employment partner from 6 May.
Multinational law firm Pinsent Masons has hired corporate partner, Rachel Soundy, to join the firm’s Birmingham office.
Multinational law firm, Pinsent Masons LLP, has advised IGCF VI Euro, L.P. a sub-fund of Balbec Capital LP, a global alternative investment manager headquartered in the United States on its first European public securitisation in relation to the issuance of notes totalling EUR 392 million backed by a portfolio of reperforming Spanish mortgage loans, arranged by Goldman Sachs.
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.
Multinational law firm Pinsent Masons has advised Australian heavy machinery manufacturer Elphinstone Group on its proposed takeover bid for Engenco Limited, a provider of sustainable transportation products.
Multinational law firm Pinsent Masons is continuing its expansion in Asia Pacific having received government approval to open our third office in mainland China.
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]