The financing structure covers the first 540MW of projects in the portfolio and comprises of fully committed senior debt facilities. The portfolio consists of seven ready-to-build sites with a total capacity of 720MW (380MW solar and 340MW Battery Energy Storage Systems (BESS). In the UK, our portfolio of battery sites are already helping to decarbonise the electricity grid, and we are already developing further projects across Europe.įor more information, please visit Contact DIF Capital Partners: Capital Partners (via its DIF Infrastructure VII fund) is pleased to announce that it has reached a close on financing co-located solar generation and battery storage portfolio in the UK.ĭIF, together with 10% co-shareholder ib vogt, acquired the portfolio in November 2022.
This creates a more reliable, flexible and greener energy system that provides greater energy security and helps countries across Europe move on from expensive fossil fuels.
Our battery storage sites provide clean energy when and where it’s needed most. DIF is located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.įor more information, please visit About Fieldįield develops, builds and operates the renewable infrastructure we need to reach net zero, starting with battery storage. With a team of over 225 professionals in 11 offices, DIF Capital Partners offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. These companies are typically active in the digital, energy transition and sustainable transportation sector. The firm’s CIF funds invest in small to mid-sized companies that will thrive in the new economy. renewables) and utilities sector, as well as PPPs and concessions. DIF was founded in 2005 and has built a leading position in managing mid-market investments, primarily in Europe, North America and Australia.ĭIF follows two strategies: its traditional DIF funds invest in lower risk mid-sized infrastructure projects and companies in the energy transition (incl. Field was advised by Nomura Greentech (financial) and Dentons (legal adviser).ĭIF Capital Partners is an independent infrastructure fund manager, with ca. And it will help us build, develop and operate the storage we need to create a more reliable, flexible and greener grid.”ĭIF was advised by PwC (financial) and Herbert Smith Freehills (legal). “Our partnership with DIF Capital Partners will enable Field to accelerate the buildout of battery storage in the UK and across Europe. The more we can build, the more effective mass-usage of wind and solar power will become. Battery storage is a critical part of that infrastructure. We are looking forward to working with the Field management team.”Ĭommenting on the investment, Amit Gudka, Field CEO said: “We will not be able to meet net zero targets without significant investment in new energy infrastructure. Gijs Voskuyl, Partner and Deputy CEO at DIF, said: “We’re very excited to make a second investment in the battery storage sector which we see as a critical component for the UK energy industry to reach Net Zero and which we see as highly complementary to DIF’s extensive renewable energy portfolio. It has another four sites totalling 210 MWh in or near construction in the UK: Newport in South Wales, Blackburn in Lancashire, Gerrards Cross in Buckinghamshire and Auchteraw in the Scottish Highlands. The investment will allow Field to accelerate the development and buildout of its 4.5 GWh pipeline of grid-scale battery energy storage projects in the UK and Western Europe as it seeks to contribute to the renewable energy infrastructure needed to reach Net Zero.įield’s battery energy storage systems allow energy generated during times of lower demand to be stored and released to the grid during times of higher demand.įield is already operating its first site in the UK, a 20 MWh battery project in Oldham, Greater Manchester. DIF Capital Partners (via its DIF Infrastructure VII fund) is pleased to announce a £200m investment into Field, a London-headquartered dedicated developer and operator of battery energy storage systems.
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