Pulse Clean Energy has completed the acquisition of 30MW of battery assets in Manchester, UK which will come online in 2024. The transaction adds to Pulse’s recent acquisitions and pipeline, which include 300MW of BESS projects due to come online by the end of 2024. Pulse is a utility-scale storage and stability platform with an ambition to build a pipeline of 1GW+ of energy storage and flexibility assets, in order to support the transition to a zero-carbon energy system.
The acquisition follows the completion of Pulse Clean Energy’s inaugural debt raise, which secured a three-year £175 million credit facility with a syndicate of banks including Santander, UK Infrastructure Bank, CIBC and Investec.
Pauline Barker, Investment and Development Director at Pulse Clean Energy commented: “We are delighted to have completed another successful transaction for our UK BESS pipeline. The purchase of the 30MW BESS project builds on our successful debt raise as well as several other recent transactions and the conversion of the diesel generation sites. The transaction marks another step in our ongoing work to build a market leading portfolio of battery storage and stability projects both in the UK and internationally.”
Pulse Clean Energy is an investor, developer and holder of flexibility assets backed by Investment Management Corporation of Ontario (IMCO), a Canadian institutional investor with $73 billion assets under management.
For more information, visit www.pulsecleanenergy.com