Bracewell’s Oliver Irwin, Nicholas Neuberger and Jessica Hastings collaborated with LexisNexis to produce a Practice Note on some of the key considerations for lenders and developers seeking to project finance co-located battery storage projects.
A growing number of developers are announcing the successful project financing of their co-located battery storage projects. This is remarkable progress, given that as recently as in 2018, grid scale batteries were regarded as a nascent asset class, and many financiers have written them off as unsuitable for project finance.
Some of the topics related to co-located battery storage projects covered in the Practice Note include:
- construction issues
- property considerations
- planning considerations
- other general issues involving battery storage projects
