Recently, foreign media reported that Schroder Greencoat, the energy transition investment platform of UK-based investment manager Schroders, has signed a strategic memorandum of understanding with CATL and Hong Kong-based private equity fund Lochpine Capital. The parties will collaborate to advance the development and investment of battery energy storage system (BESS) projects in Europe.
According to the agreement, the collaboration establishes a European battery energy storage investment platform, with a long-term plan to develop storage facilities with a total capacity of up to 10 GWh. Under this framework, CATL will provide battery technology support, while Schroder Greencoat will leverage its expertise in asset management within the renewable energy infrastructure sector. Lochpine Capital will focus on BESS project development and fund-based operations, collectively creating a fully integrated cycle of "technology & capital & project."
Edited by Cassie Li, lixiangying@mysteel.com
