Pinsent Masons advises Zenobē on landmark battery storage project
21 Feb 2023 | 09:57 am | 1 min. read
Multinational law firm Pinsent Masons has advised Zenobē on the development, construction, operation and financing of a 200MW / 400MWh transmission connection battery energy storage project at Blackhillock, Scotland.
Pinsent Masons has acted for international EV fleet and battery storage specialist, Zenobē, on the development, construction and operation of a 200MW / 400MWh transmission connected battery energy storage project to be situated at Blackhillock, near Inverness and the associated portfolio project financing through a £235 million syndicated long-term debt facility.
The project financing facility is the largest to be arranged in Europe for the development of battery energy storage projects which will also fund the development by Zenobē of a further 200MW / 400MWh project at Kilmarnock South, near Glasgow.
The debt structure also includes a £400m accordion facility that will be used to debt finance expansions at each site as well as future projects.
The batteries will provide a wide range of grid services to ease constraints on the electricity network by storing electricity at times of peak renewable generation and ensure network demand and consumer cost expectations are met.
Commenting on the transaction, Apicksha Patel said: “Battery storage has an important role to play in the UK’s energy transition journey. They are critical hubs for enabling new technologies, ensuring the reliable and safe supply of energy, integrating generation sources and helping reduce environmental impacts. As countries continue to prioritise domestic energy supply and low-carbon generation, large scale projects like this one are vital in order to meet the needs of changing energy landscapes and keep up with consumer demand.”
The multidisciplinary Pinsent Masons team was led by Project Financing Partner, Apicksha Patel and Energy Projects Legal Director, David Trethowan supported by team including Lynne Davy, Sibel Beled, Michael Duffy, Natasha Kay, Carmen Morrow, Graham Wallace, Susan Henretty and Jack Taylor.
David Trethowan said: “Grid scale storage projects of this nature are essential to effectively manage the effects of renewable generation intermittency in our move away from fossil fuels to net zero and in providing a range of flexibility services to support network stability. We are immensely proud to have supported Zenobē on this significant project in the rapidly developing UK battery storage market.”
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises Peel Hunt on EnQuest's strategic reverse takeover
Pinsent Masons is advising Peel Hunt in its capacity of Sponsor in London Stock Exchange-listed EnQuest’s proposed $833 million acquisition of participating interests in four offshore production sharing contracts in Malaysia.
Pinsent Masons advises Sammons Enterprises on the disposal of Briggs Equipment
Multinational law firm Pinsent Masons has advised Sammons Enterprises on the disposal of materials handling equipment provider Briggs Equipment UK to pension capital firm IFM Investors. After receiving the required regulatory clearances, the deal formally completed on 2 June.
Pinsent Masons appoints structured finance partner Thomas Shen in London
Multinational law firm Pinsent Masons has appointed Thomas Shen as a Partner in its Structured Finance team, based in London.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises Peel Hunt on EnQuest's strategic reverse takeover
Pinsent Masons is advising Peel Hunt in its capacity of Sponsor in London Stock Exchange-listed EnQuest’s proposed $833 million acquisition of participating interests in four offshore production sharing contracts in Malaysia.
Global study from Pinsent Masons finds CCS remains dominant, but low-carbon investors looking to diversify
New research from multinational law firm Pinsent Masons shows carbon capture and storage (CCS) remains a global priority for low-carbon players, with 90% of respondents having already invested in or developed a CCS project and 78% planning to do so again in the year ahead.
Pinsent Masons continues to strengthen its Energy practice with the appointment of Lucía González as M&A Energy Partner
Pinsent Masons continues to enhance its Energy practice in Spain with the appointment of Lucía González as an M&A Energy Partner, further strengthening the Madrid-based team led by Hermenegildo Altozano.
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]