Global law firm Clifford Chance has advised large-scale energy storage projects developer:
GIGA Storage and GIGA Giraffe on the financing of GIGA Giraffe, an energy storage project in the port area of Amsterdam. At 47 MWh, this battery will be the first 4-hour battery in the Netherlands and the same size as the GIGA Buffalo battery in Lelystad.
The GIGA Giraffe is a 10 MW end 47 MWh storage project and enables the electricity network to store the energy peaks during sunny hours and keep the energy system in balance with a growing share of unpredictable but sustainable energy generation.
The battery can charge or discharge for four hours, making it suitable for participating in the Dutch day-ahead and intraday electricity markets.
Construction will start on the GIGA Giraffe battery on Westhavenweg in the summer of 2024, which will be connected to Liander’s Sextantweg substation. The battery will use the reserve capacity on the transport network, preventing transport restrictions. The battery will be connected in the first quarter of
2025. Read more about the transaction here.
This transaction builds on Clifford Chance’s market-leading Energy & Infrastructure practice and track-record of advising on the financing of large-scale energy storage projects. The Clifford
Chance team was led by Hein Tonnaer and further consisted of Carlin Tenge, Chris Verheesen and Brittany Freling.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
