WFW has recently advised Varco Energy on the acquisition of a 100 MW battery energy storage system (BESS) project in the UK. This project, located in Bradford, West Yorkshire, is set to join Varco Energy's growing portfolio of battery storage sites, which already includes projects in Cornwall and Merseyside. The Old Allen Road BESS project is expected to be operational by May 2027 and will contribute to Varco Energy's mission to drive the energy transition through flexible energy storage solutions.
Varco Energy, a UK-based battery storage asset owner-operator, is committed to advancing the energy transition. The company's strategic acquisitions, including this latest project, reflect its dedication to expanding its battery storage portfolio and promoting sustainable energy practices. Varco Energy's focus on flexible energy storage aligns with the global shift towards renewable energy sources.
The acquisition was facilitated by WFW's London Energy team, led by Corporate Partner Christina Howard, who was supported by Senior Associate Florence Childs and Associate Alice Halpin. The team provided comprehensive advice on the project's development and finance, ensuring a smooth and efficient transaction. Global Energy Sector Head Henry Stewart and Projects Partner Emmanuel Ninos also played a crucial role in guiding the project through its development and financial aspects.
Tax advice was provided by Partner Richard Stephens and Associate Pip Moss, ensuring compliance with relevant regulations. Partner Nick Walker and Associate Hamish Ungless offered expertise in planning and environmental law, addressing potential challenges and ensuring the project's sustainability. Additionally, Partner John Rosmini and Senior Associate Cole Tennant-Fry provided valuable real estate insights, contributing to the project's overall success.
Christina Howard, a key member of the WFW team, expressed her satisfaction with the successful acquisition, highlighting WFW's ability to provide full-service support and cross-practice collaboration. This acquisition is a testament to WFW's expertise in the energy sector and its commitment to driving sustainable energy solutions.
This project is a significant step forward for Varco Energy and the UK's energy transition. As WFW continues to advise on similar projects, it reinforces its position as a leading legal advisor in the renewable energy sector, supporting the development of innovative and sustainable energy solutions.
