Squire Patton Boggs has advised Ånge Storage Solution AB and its parent company Delta Ange Holding s.r.o., on a cross-border financing provided by PPF banka a.s. related to the construction and operation of the 70-MW/160-MWh battery energy storage system (BESS) in Sweden.
The BESS project, located in Ånge municipality in Vasternorrland County, will be one of the largest energy storage sites in Scandinavia. The project will contribute to ensuring flexibility and grid stability to grid operators in Sweden.
The project is a joint venture of a developer of utility-scale BESS Delta Capacity and WOOD & Company, a leading European investment bank and asset manager. It is part of WOOD & Company Renewables Subfund.
The Squire Patton Boggs team advising on this transaction was led by Corporate partner Radek Janeček in Prague, and included of counsel Marek Hrubes and associate Aneta Vesela.
“We are pleased to support our client on this important financing that will allow them to deliver essential energy storage capacity, one of the largest in the region,” said Radek Janecek. “Battery storage is critical for balancing renewable energy and ensuring grid stability.”