Opus is pleased to have advised Eelpower in connection with its partnership with Renewable Power Capital, a pan-European renewable energy investment platform backed by Canada Pension Plan Investment Board.

The partnership is structured as a joint venture (JV) focussed on acquiring, building, and operating utility-scale grid connected battery storage projects. The JV is targeting to build up to 1GW of storage, and already has a current pipeline of 240MW to be built in the short term.

This partnership is Eelpower’s third JV, following transactions with SUSI Partners and then Next Energy Solar Fund. Opus advised on all of these transactions.