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Pulse Clean Energy secures $215 million for UK BESS pipeline

Pulse Clean Energy secures $215 million for UK BESS pipeline

 


Funding will be used for the 1GWh pipeline of the company’s Battery Energy Storage System (BESS) project in the UK market. This year, we acquired 90 MW projects in Stafford and Aberdeen and a 72 MW project in Manchester in two separate transactions.

We are pleased to complete this financing to support continued delivery of our ambition to build over 1 GW of energy storage and reliability assets. said Nicola Johnson, CFO of Pulse Clean Energy. We look forward to building relationships with syndicate banks.

Last January, the company partnered with solar PV and battery storage company Canadian Solar to supply a 550 MWh grid-scale solution for Pulse’s project.

At the end of 2021, Pulse was acquired by Ontario Investment Management Corporation (IMCO), a Canadian institutional investor with $73 billion in assets under management.

The financing announced this week consisted of CIBC as sole financial advisor, Eversheds as borrower’s general counsel and Ashurst as loan advisor. Consulting firm Baringa acted as Market Advisor with Everoze and Fitchner as Technical Advisors and Operis as Model Auditor.

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2/ https://www.energy-storage.news/uk-developer-pulse-clean-energy-secures-us215-million-for-bess-pipeline/

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