"Return Partners with BESSMART Energies to Acquire Major Battery Storage Sites in Germany"

"Baker McKenzie has advised Return on its partnership with BESSMART Energies GmbH to acquire four battery storage sites in Germany, totaling 310 MW capacity and 670 MWh. The facilities, located at key grid nodes in Brandenburg, Saxony-Anhalt, and Saxony, are set to be commissioned by 2027. This transaction underscores the growing interest in high-capacity energy storage in Germany, which is crucial for the country's renewable energy expansion and energy transition. Return aims to enhance grid stability and reduce fossil fuel dependence as part of its broader growth strategy in Europe."