We are pleased to announce that we have advised Still Waters Green Technology (SWGT) to secure the £12m non-recourse Phase One Financial Close with Santander UK. The deal was announced in November and will see a 30MW utility-scale battery storage project built in Swindon.
We are delighted to have advised SWGT on this landmark transaction. Cornwall Insight used its high-quality flexibility and battery storage modelling capabilities and wider support to help guide SWGT through the process. Cornwall Insight’s involvement demonstrates our consultant’s ability to advise ambitious companies to deliver large innovative projects that will play a significant role in the UK’s low-carbon ambitions. This deal reflects the appetite in the sector for energy storage which is only set to grow even larger as the UK and other countries seek to implement cleaner energy solutions to achieve their net zero targets.Tom Palmer, Managing Consultant