Everoze advise Gore Street Capital on acquisition of 160 MW battery storage portfolio

June 2019

Everoze was delighted to support Gore Street Capital as the technical advisor in their acquisition of a controlling interest in a 160 MW portfolio of four battery storage projects in Northern Ireland and the Republic of Ireland. The projects have been developed to target provision of ancillary services in the upcoming DS3 Volume Capped and Volume Uncapped tenders.

Everoze employed its industry leading Due Diligence on Demand process, ensuring a robust risk assessment, smooth communication and continuous identification of open or risk items. The Everoze approach was tailored to meet the needs of the transaction and the particulars unique to the Irish battery storage market.

Paula Travesso, Investment Manager at Gore Street Capital  commented: “It has been a pleasure working with Everoze on this transaction and we have had a very positive experience. It was a project that required a quick turnaround and we appreciate the team’s responsiveness throughout. The team’s market expertise and experience with the technology was evident throughout the whole process.”