Client Work

Harmony Energy Income Trust plc completes the acquisition of a 99 MW/198 MWh energy storage project known as "Bumpers"

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Overview

Client

Harmony Energy Income Trust plc

Closed July 2022

Harmony Energy Income Trust plc (HEIT plc), an investment company listed on the Specialist Fund Segment of the LSE, has completed the acquisition of a 99 MW/198 MWh battery energy storage project known as "Bumpers" from Harmony Energy Limited (HEL).

Bumpers was the first project available for acquisition by HEIT plc pursuant to the terms of a Pipeline Agreement entered into between HEIT plc, HEL and Ritchie-Bland Energy (Number 2) Ltd. at the time of the IPO. The Pipeline Agreement grants HEIT plc preferential rights to acquire a pipeline of energy storage projects from the pipeline sellers.

Fasken advised HEIT plc with a team co-led by Guy Winter and Laura Bradley, and included Chloe Gill-Braun, Lucinda Patrick-Patel and Carlie Marrows.

Jurisdiction

United Kingdom

Team

Guy Winter, Partner, London, +44 (0)20 7917 8535, gwinter@fasken.com
Laura Bradley, Partner, London, +44 (0)20 7917 8585, lbradley@fasken.com
Chloe Zelia Gill-Braun, Senior Associate, London, +44 (0)20 7917 8503, cgill@fasken.com
Lucinda Patrick-Patel, Associate, London, +44 (0)20 7917 8553, lpatel@fasken.com
Carlie Hooman, Associate, London, +44 (0)20 7917 8609, cmarrows@fasken.com