Norton Rose Fulbright Advises ju:niz Energy on Financing of Large Battery Energy Storage Systems in Germany

Norton Rose Fulbright advised ju:niz Energy GmbH on the financing of a portfolio of battery energy storage systems in Germany, while White & Case advised Hamburg Commercial Bank AG, which acted as lender in the transaction. The transaction comprises financing provided by Hamburg Commercial Bank AG for a portfolio of three large battery energy storage systems (BESS) in Germany with a total storage capacity of approximately 100 MWh. Hamburg Commercial Bank AG acted as lender, agent, account bank and hedging bank. Norton Rose Fulbright advised ju:niz Energy on the legal structuring of the facilities and on implementing the financing arrangements. ju:niz Energy develops and operates large battery storage systems that contribute to grid stability, particularly in support of the further expansion of renewable energy. The company’s value chain for these projects includes land acquisition and grid connection, project management including planning, construction and commissioning, and technical operations, maintenance and commercial management, including market coordination and system performance optimization. Norton Rose Fulbright had previously also advised ju:niz Energy on the entry of Swedish equity investor EQT. Norton Rose Fulbright represented ju:niz Energy with a team composed by: Lead partner Veit Sahlfeld (partner, project finance, Hamburg); Dr. Klaus Bader (partner, energy law, Munich); Dr. Valerian von Richthofen (partner, energy regulatory, Düsseldorf); Dr. Simon Weppner (partner, tax, Düsseldorf); counsel Dr. Michael-Alexander Volks (project finance, Hamburg); associate Jakob Kramer (project finance, Hamburg); associates Benedikt Schiller and Sebastian Jeschke (project finance, Munich); counsel Dr. Wenzel Richter and senior associate Sebastian Eisenhut (energy law, Munich); associate Dr. Jan Vogelsang (energy regulatory, Düsseldorf); associate Nicolas Krämer (corporate, Düsseldorf); and senior associate Sarah Heufelder (tax, Munich). White & Case represented Hamburg Commercial Bank AG with a team composed by the firm’s financing advisers.

Norton Rose Fulbright Advises ju:niz Energy on Financing of Large Battery Energy Storage Systems in Germany

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