Deal alert: PKF advises Korkia and Climate ER Helio on solar and battery project sale

What’s the deal?

Korkia’s development company Climate ER Helio – a joint venture between Korkia and Climate ER – has sold the Mere Flats solar and battery energy storage system (BESS) project in South Yorkshire to a fund managed by NextEnergy Capital.

When completed, this fully consented 56 MWp project will provide renewable electricity for over 20,000 households annually.

What did we do?

Our energy and renewables specialists acted as lead advisers to Korkia and Climate ER Helio on the sale.

Our client said:

“It was a pleasure working with the PKF team on this landmark transaction for Korkia. Their deep expertise and extensive network in the UK solar and battery storage market were instrumental in delivering a successful marketing process and clear strategic guidance throughout. PKF’s strong relationship with NextEnergy ensured a smooth execution, and we are delighted to have such an experienced partner taking this project forward.”

James Spooner, head of M&A at Korkia and director of Climate ER Helio

We said:

“It was great to complete this transaction despite current market uncertainty created by grid reform. This is testament to Korkia and Climate ER’s diligence and commitment to develop a high-quality project and also the experience of NextEnergy Capital as a leading investor in UK solar and battery energy storage system projects. We look forward to working with both parties again in the future.”

Richard Harris, corporate finance director, PKF Francis Clark

Our team:

Richard Harris, Andy Thornhill, Ben Hadley, George Harold

Find out more about PKF Francis Clark’s energy and renewables specialists.