A specialist energy team at Bristol-headquartered law firm TLT has advised on a £300m-plus renewables scheme in its latest deal involving Portuguese developer and investor TagEnergy.
The project, with Merseyside independent energy specialist Balance Power, will develop 500MW of battery storage projects across the UK. 
To be delivered over the next four years, it will greatly expand TagEnergy’s existing UK portfolio – which currently stands at 300MW of projects under construction or ready to be built – while also bolstering Balance Power’s growing pipeline.
TLT has advised Lisbon-headquartered TagEnergy on a number of energy storage deals since its first entry into the UK market.
In the latest deal for TagEnergy, the TLT team was led by corporate future energy partner Kay Hobbs, supported by associate Tom Lawrence and legal director Andrew Clare.
They advised on the overarching framework agreement and template shareholder and loan documentation that will be implemented for each project successfully bought through the pipeline.
Kay Hobbs, pictured, said: “We’re delighted to have advised TagEnergy on another transaction which, yet again, demonstrates their commitment to the energy storage market in the UK.
“Their collaborative approach to this transaction has set the groundwork for another successful partnership for TagEnergy and showcases their ability to get transactions done quickly and in a no-nonsense way.
“They have ambitious plans to expand their energy storage portfolio and we are happy to support them every step of the way.”
TagEnergy head of UK development Theo Imbert added: “Once again working with the TLT corporate team has been a synonym of efficiency and pragmatism which allowed us to close the transaction quickly.
“TLT is an important and valued partner for TagEnergy as we continue to drive the UK forward on its journey to establish a clean, secure energy system and help the nation to reach net-zero carbon emissions sooner.”
