October 24, 2023 | LexisNexis | 1 minute read

Bracewell’s Oliver IrwinNicholas 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