European based Company raises USD $170 Million for energy storage from Global Private Equity Partners.

The Energy Company has raised USD $170 Million to potentially list its energy storage in the Stock Exchange and to finance future acquisitions.

NEW YORK, NEW YORK, UNITED STATES, February 24, 2021 /EINPresswire.com/ -- European based Company raises USD $170 Million for energy storage from Global Private Equity Partners.

The Energy Company has raised USD $170 Million to potentially list its energy storage in the Stock Exchange and to finance future acquisitions.

The net proceeds from the financing are to be used to acquire 70MW of operational batteries, previously developed by the Company’s New Energy Division.
It will then set out to invest in an exclusive portfolio of projects, which last month consisted of 132MW combined capacity across four projects, ranging from 5MW to 49MW, however this has since risen to 182MW.

Chairman of the Energy Storage Company said: "We now have a strong platform from which to grow the fund and are very excited to commence investing in energy storage systems. From day one, the company will be 58% invested in revenue-generating assets, and an exclusive pipeline lies beyond that.

However, the Chairman of the Energy Storage Company added: “We will use the placing program to raise further funds from Global Private Equity Partners for the acquisition of the other pipeline assets and are committed to building a substantial fund in this fast-growing sector.”

Around half of the Loan Proceeds have already been invested across two operations assets with 8MW of installed capacity and two shovel-ready projects totaling with 19MW.

The Energy Storage Company also provided an update on its pipeline, with exclusivity over a 30MW battery in the European markets as well as projects in Belgium (25MW) and Germany (11MW). It also has an additional pipeline of over 121MW in the UK in mind, as well as a 30MW project in the US.
“This has been an exciting time for Global Private Equity Partners in assisting our client’s potential stock listing and successfully providing loan proceeds to meet the demand of our client”, said the Investment Manager of Global Private Equity Partners.

“We are keen to continue this rapid progress, increasing the scale and diversification of the committed proceeds of the company and its asset base. We continue to negotiate with multiple partners for a significant number of projects under exclusivity that we look forward to funding through Global Private Equity Partners.”

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