PKF Francis Clark advises Source Galileo on sale of 40MW battery energy storage project

PKF Francis Clark’s renewable energy experts have successfully advised Source Galileo on the sale of a 40MW battery energy storage system (BESS) project.

The Rigifa BESS project, located in Aberdeen, is designed to deliver reliable grid support and energy storage capacity, playing a critical role in enhancing the flexibility of the UK’s renewable energy infrastructure.

The fully consented, pre-construction project was acquired by Trina Solar International System Business Unit, the downstream project development arm of Trina Solar Company Ltd. This acquisition marks a milestone in Source Galileo’s commitment to accelerating the energy transition and establishes a foundation for future collaboration between the two companies.

The advisory team, comprising Victoria Smith and Angus Hunter, played a crucial role in facilitating this significant transaction.

Victoria Smith, corporate finance associate director at PKF Francis Clark, said: “This deal reflects the strong partnership between Source Galileo and Trina Solar. Despite the challenging market backdrop and the looming grid reforms, we were delighted to achieve a successful outcome. This transaction is also a great example of our continued activity and expertise in the exciting field of battery energy storage, which will have a key role to play in the UK’s transition to net zero.”

Garrett Morrison, chief development officer at Source Galileo, said: “This transaction demonstrates our ability to deliver high-quality, innovative renewable energy solutions to the market. Trina’s acquisition of the project ensures it will be delivered by one of the industry’s most trusted players, and we’re excited to be exploring further opportunities together.

“Victoria, Angus and the rest of the team at PKF Francis Clark were a pleasure to work with and ensured an efficient, professional process with a successful outcome for both buyer and seller. We look forward to working with them again in the future.”

Legal advice to Source Galileo was provided by Lorna Williamson at Energy Law Unlimited LLP.

PKF Francis Clark is one of the most active and successful corporate finance advisers for UK onshore renewable projects and platforms. With over a decade of dedicated experience in the renewable energy sector, we have completed numerous successful transactions across the UK. Our team of experts provides comprehensive support, from initial advice through to completion, ensuring smooth and successful transactions for renewable energy developers and investors.

Find out more about PKF Francis Clark’s dedicated corporate finance support for renewable energy developers and investors.