DLA Piper advises on €150M battery storage securitisation

DLA Piper has advised Commodities Securitization, in its capacity as sponsor, on the full securitisation of a battery energy storage systems (BESS) project valued at €150 million. The project, owned and developed by Commodities Securitization, is structured through the KiWih TDA 1 securitisation, the first of its kind in Spain. The transaction envisages its expansion to other EU jurisdictions and will be supported by East China Electric Power Design Institute as EPC contractor.

The DLA Piper team was led by Andrés Lorrio (pictured), partner in the capital markets practice in Madrid, with support from members of the firm’s capital markets, corporate and energy teams in the same office, including Marta Clemente, legal director, and associates Diego Sánchez and Marcos Gil.