JLL advises on the disposal of a 40MW battery to Gresham House
JLL has advised on the disposal of a 40MW Battery Energy Storage System (BESS) to Gresham House Group
London, May 25 May, 2022 – JLL has advised on the disposal of a 40MW Battery Energy Storage System (BESS) to Gresham House Group
Located 11 miles from Glasgow, when constructed the asset will support strained grid infrastructure and unlock constrained renewable generation in the region.
Peter Sermon, Senior Director, Energy & Infrastructure Advisory, EMEA, JLL, said: “We are increasingly seeing the strategic location of BESS assets driving investor appetite and value. The Shilton Lane site is a very attractive BESS asset given its project economics and the expected future constraints on the network in the surrounding area. The Gresham House team were quick to identify and value these attributes and worked efficiently and diligently to complete the transaction.
“This is the first BESS transaction we have launched in 2022 and solidifies the team’s position as Europe’s leading BESS financial advisor having transacted on 1.3GW of BESS projects in 2021.”
Ben Guest, Head of New Energy at Gresham House and Fund Manager of Gresham House Energy Storage Fund plc (GRID), said: “At Gresham House, we continue to support the UK’s transition to a more sustainable future and see battery energy storage as a vital solution to the intermittency of renewables. It has been a pleasure to work with the experienced and effective JLL team in the acquisition by the Group of another BESS asset, adding to GRID’s pipeline and supporting it’s continued growth.”
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.