CMS has advised Apatura on the sale and development of a portfolio of UK-based battery energy storage system (BESS) projects to Drax Group for £157.2m.
The portfolio comprises three two-hour duration sites with a combined capacity of 260MW, located in Scotland and Northern England. Apatura will manage the construction of each project from ready-to-build status to commercial operation.
Two of the projects are expected to reach commercial operation in 2027 and the third in 2028. Apatura has granted Drax Group a right of first offer on an additional eight early development stage projects totalling 289MW.
Congratulations to the CMS team led by Brynn Horner and including Nicola Curry, Sean Paulding, Poppy Davenport and Jessica Slater (Corporate); Louise Dalton, Philip Duffield, Joanna Buttivant, Tom Ballard, Freddie May and Megan Cunningham (Energy & Projects); Jason Todd, Adelina Frunza and Johanna Dodgson (Tax); and Tom Hughes and Becca Murray (Finance).
