Advising Elements Green on financings related to their energy transition, a transformative endeavor, is the task handled by our legal firm.
The Staythorpe Battery Energy Storage System (BESS), a large-scale renewable energy infrastructure project in Newark, Nottinghamshire, is set to revolutionize the UK's energy landscape. With a capacity of 360 MW / 720 MWh, the facility, upon completion, will be sufficient to power over 95,000 homes for a full day.
The project, led by international clean tech developer Elements Green, is making significant strides. Elements Green is driving the project with a focus on integrating renewables and supporting grid stability in the UK. The total project cost is £71.5 million, and Mitie Power & Grid, via its subsidiary G2 Energy, was awarded the design and build contract in early 2025.
In a significant move, the West Street Climate Credit Fund, managed by Goldman Sachs Asset Management, has provided financing for the Staythorpe BESS. This financing is expected to become the second-largest standalone battery project in the UK. The fund's investment in the Staythorpe BESS marks its inaugural deal.
White & Case LLP has advised Elements Green on a series of financings for its Staythorpe BESS and its pipeline of solar and energy storage projects. While the exact role of White & Case LLP in the Staythorpe BESS project is not explicitly cited in the sources, Latham & Watkins LLP notably provided legal advice for the financing to Goldman Sachs Alternatives.
The construction bridge facility for the Staythorpe BESS is provided by Goldman Sachs Asset Management's transition finance fund, the West Street Climate Credit Fund. The project will create about 60 jobs during construction and is scheduled to be fully operational by mid-2027.
Elements Green has also committed to delivering a 25.7% biodiversity net gain by creating new woodland, wildflower meadows, and planting 129 trees on site, reflecting strong environmental stewardship goals. Renewable Energy Systems (RES) secured a five-year operations and maintenance (O&M) contract starting in 2026 to manage the battery storage asset, emphasizing the technical and operational complexity of the facility.
Strategically positioned from a grid infrastructure perspective, the Staythorpe BESS is expected to have an operational life of 40 years. The project represents one of Europe's largest energy storage investments to date, contributing significantly to the UK's energy resilience and transition to net zero emissions.
- The regulatory framework for the renewable energy industry will need to consider the implications of large-scale acquisitions and mergers, such as the Staythorpe Battery Energy Storage System (BESS), to ensure compliance in the capital markets.
- The law firm White & Case LLP has been an associate partner for Elements Green in various finance deals, including the Staythorpe BESS, lending their expertise in law and finance to the renewable-energy practice team.
- In the finance industry, news of the Staythorpe BESS project's progress has been circulating, highlighting the growing importance of clean tech development and investment in energy storage solutions.
- The construction of the Staythorpe BESS, set to revolutionize the UK's energy landscape, will take place at a designated office space, where the project team can collaborate effectively on the significant undertaking.
- Mitie Power & Grid, via its subsidiary G2 Energy, was selected as the partner to handle the design and build contract for Elements Green's Staythorpe BESS due to their expertise in the energy industry.
- The latest news on the Staythorpe BESS project indicates that the West Street Climate Credit Fund, managed by Goldman Sachs Asset Management, has provided essential capital to drive the project's success.
- To ensure the smooth operation of the Staythorpe BESS, counsel will be crucial, particularly during the mergers, acquisitions, and transitions in the energy financing sector.
- With the Staythorpe BESS set to become one of Europe's largest energy storage investments, the renewable-energy industry is poised for significant growth, creating numerous job opportunities in finance, law, and energy-related services.
- The London-based law firm Latham & Watkins LLP provided legal advice for the financing to Goldman Sachs Alternatives, emphasizing the interconnected nature of the capital markets and the energy industry.
- Partners in the finance industry, such as Goldman Sachs Asset Management, are supporting the transition to a more sustainable energy future through projects like the Staythorpe BESS, which focuses on renewable-energy solutions for business and residential clients.
- The team at Renewable Energy Systems (RES) will play a crucial role in ensuring the effective management and operation of the Staythorpe BESS, contributing to its full utilization and maximizing its overall value to the UK's energy landscape.
