CMS advises Apatura on £157.2m sale of UK BESS development portfolio to Drax Group

"CMS advised Apatura on the £157.2m sale of a UK battery energy storage system (BESS) development portfolio to Drax Group. The portfolio comprises three two-hour sites totalling 260MW in Scotland and Northern England; Apatura will manage construction to commercial operation. Two sites are expected in 2027 and one in 2028. Apatura granted Drax a right of first offer on eight early-stage projects (289MW)."

CMS advised Apatura on the sale of a UK-based battery energy storage system (BESS) development portfolio to Drax Group. The transaction involves the sale and development of a portfolio of UK BESS projects for £157.2 million. The portfolio comprises three two-hour duration sites with a combined capacity of 260MW, located in Scotland and Northern England. Apatura will manage the construction of each project from ready-to-build status through to commercial operation. Two of the projects are expected to reach commercial operation in 2027 and the third in 2028. As part of the arrangement, Apatura granted Drax Group a right of first offer on an additional eight early development-stage projects totalling 289MW. CMS represented Apatura with a team composed by: Brynn Horner (lead), Nicola Curry, Sean Paulding, Poppy Davenport and Jessica Slater (Corporate); Louise Dalton, Philip Duffield, Joanna Buttivant, Tom Ballard, Freddie May and Megan Cunningham (Energy & Projects); Jason Todd, Adelina Frunza and Johanna Dodgson (Tax); and Tom Hughes and Becca Murray (Finance).

CMS advises Apatura on £157.2m sale of UK BESS development portfolio to Drax Group

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