William Trotman

Nov 13, 2024 | mondaq.com | Alexander Hadrill |William Trotman |Mark Richards

Further to our previous articles on the market and sources of revenue for (standalone) project-financed BESS projects, this article considers the core transaction documents making up a project-financed BESS project and the similarity between these and the transaction documents commonly used in other renewable energy projects.

Oct 16, 2024 | mondaq.com | Alexander Hadrill |William Trotman |Mark Richards

As covered briefly in our previous article, the "route to market" / offtake arrangements/ revenue contracts are perhaps the key difference between battery energy storage systems (BESS) projects and other project-financed renewable energy projects; often there is material exposure to market (or 'merchant') risk and this makes them arguably more challenging to project-finance for lenders.

Oct 14, 2024 | lexology.com | Alexander Hadrill |William Trotman

SummaryAs covered briefly in our previous article, the “route to market” / offtake arrangements/ revenue contracts are perhaps the key difference between battery energy storage systems (BESS) projects and other project-financed renewable energy projects; often there is material exposure to market (or ‘merchant’) risk and this makes them arguably more challenging to project-finance for lenders.

Sep 30, 2024 | lexology.com | Alexander Hadrill |William Trotman |Mark Richards

SummaryIn a new series of articles we will explore:what BESS is;why it is needed/what drives investment in BESS;key regulatory considerations for BESS;the structure and financing of BESS projects;the nature of revenues available to BESS projects, including revenue stacking and route to market agreements (RTMAs); andthe future development of BESS. What is BESS?

Dec 1, 2023 | lexology.com | William Trotman

MARKET RESPONSE TO POTENTIALLY ONEROUS UK AND US IMPLEMENTATION PROPOSALSSUMMARYThe UK regulators (primarily the Prudential Regulation Authority) are currently reviewing consultation responses received on the proposed implementation of Basel 3.1 in the UK, with the final rules being published between December 2023 and May 2024, and implementation due to start in the UK in July 2025 (pushed back from the original date of 1 January 2025) and finish by 1 January 2030.