On 1 September 2023, HEIT plc, an investment company listed on the Specialist Fund Segment of the Main Market of the London Stock Exchange, completed the sale of its 99 MW BESS development project to Pulse Clean Energy Limited having previously acquired the “shovel-ready” project in December 2022.
Pulse Clean Energy Limited is an investor, developer and holder of flexibility assets backed by IMCO, a Canadian pension fund with over $79 billion under management.
HEIT plc previously acquired the Rye Common BESS from Harmony Energy Limited in December 2022 and had multiple bidders for the sale of the project demonstrating the continued high level of interest for BESS projects with near-term energisation potential.
Fasken advised HEIT plc, with a team led by Guy Winter that included Chloe Gill-Braun, Carlie Marrows and Ramona Ramos.
Jurisdiction
- United Kingdom
