Post by Revera Energy

We are delighted to confirm that we've successfully closed project financing to construct Windyhill (200MW / 400MWh) BESS, strategically located in Bearsden, ~10km north-west of Glasgow, Scotland and north of the B6 boundary, one of the UK’s most persistent power grid bottlenecks. We've also issued NTP with construction to commence immediately and COD expected in Q1 2028. The non-recourse senior debt financing for Windyhill BESS is provided by Santander CIB. White & Case LLP served as borrower’s counsel and Milbank LLP acted as lender’s counsel. GE Vernova will supply the BESS and provide a long-term service agreement while G2 Energy part of Mitie has been engaged as the Balance of Plant contractor and maintenance provider. Danske Commodities will provide trading and optimisation services, including a 10-year revenue floor covering 100% project capacity. Revera will oversee construction management and long-term asset management. Windyhill BESS is the first of three BESS projects in our 1GW UK portfolio to achieve Financial Close and NTP and is another crucial step in our mission to build a high-quality independent power platform in the UK and Australia. Congratulations to all the teams involved! Sincere thanks to Ron J Kiecana, Will Grainger and our wider team for your drive and resilience! https://lnkd.in/gdXC7m-X