Battery Storage
About
White & Case is at the forefront of the global energy storage market and is committed to the long-term growth of technologies that support the Energy Transition.
As the global market for energy storage continues to grow rapidly, facilitating the move towards the decarbonisation of the energy markets, clients have trusted us to deliver some of the most complex and innovative battery storage projects to date worldwide, including advising on the original development and subsequent expansion of the world's largest lithium ion battery - 150MW/190MWh Hornsdale Power Reserve, South Australia.
Having advised clients across the value chain of the energy market for the last several decades means our lawyers are well positioned to provide insights into the opportunities around new energy technology.
Increased battery storage capacity can and is being encouraged in order to facilitate the move towards the decarbonisation of electricity generation and can contribute to greater resilience and efficiency of integrated grids. It can also provide solutions for local and off-grid users of electricity.
Our global team of energy lawyers work with sponsors, operators and financiers to meet their commercial objectives by advising on the entire life cycle of renewables assets, from early stage development, regulation, commercial contracts, construction & project financing through to structuring and executing mergers & acquisitions and disputes and arbitration.
We pride ourselves on creating deal structures that enable our clients to achieve commercial success even in challenging regulatory and market environments. Our strategic advice helps clients consider the various risks and mitigate these in a commercial manner, such as revenue streams, technology and construction risk and change in law risk.
What differentiates White & Case is our ability to advise a diverse group of clients across the entire battery storage supply chain globally.
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Experience
Neoen battery storage projects
Advised Neoen on several battery storage transaction and projects including: (i) its joint development with Tesla for the 100MW/128 MWh Hornsdale Power Reserve in South Australia, the then largest lithium ion battery in the world, and its subsequent 50MW/67MWh expansion and project financing; (ii) the development and project financing of the 300 MW / 450 MWh Victorian Big Battery in Victoria, Australia. The Victorian Big Battery will surpass Neoen's Hornsdale Power Reserve as the largest battery in Australia, and will be one of the largest in the world; (iii) the development and financing of the 220 MW Bulgana Green Power Hub (comprising a wind farm and a 20MW energy storage facility in Victoria); and (iv) in relation to the development of a standalone battery storage facility in Finland, including all EPC and O&M aspects.
Broad Reach Equity interest sale
Advised Broad Reach Power LLC, a leading utility-scale energy storage and renewable energy platform in the US, on its sale of a 50% equity interest to funds managed by Apollo.
ib vogt GmbH's Global Solar PV Portfolio
Advised EIG Global Energy Partners (EIG), a US-based investor in the global energy and infrastructure sectors, on the commitment from EIG-managed funds of €135 million for ib vogt GmbH's global solar PV and battery storage portfolio. ib vogt is a Germany-based family-owned company that has developed a global pipeline of solar pv projects in excess of 16GW.
Fleet of Six-Large-Scale Battery Storage System
Advised the lenders in the financing of a fleet of a six large-scale battery storage system with a total capacity of 90MW in Germany. This is one of the first project financings of large-scale battery storage systems in the European market.
Standalone Floating Battery Storage Project
Advised the buyer in connection with the acquisition, development, construction and financing of a 300 MW standalone floating battery storage project to be located in New York.
