Dentons has advised Field, the renewable energy infrastructure company, on its £200 million investment from DIF Capital Partners (DIF), a leading infrastructure investor with over €15 billion invested across projects in the UK, Europe and Australasia.
The investment will allow Field to accelerate the development and buildout of its 4.5 GWh pipeline of grid-scale battery storage projects in the UK and Western Europe, as it seeks to contribute to the renewable energy infrastructure needed to reach Net Zero DIF’s investment follows Field’s previous raise of £77 million, announced in June 2022, led by Plural Platform, Triple Point and Philip Sutterby.
Founded in 2021, Field is already operating its first site in the UK, a 20 MWh battery project in Oldham, Greater Manchester. It has another four sites totalling 210 MWh in or near construction in the UK: Newport in South Wales, Blackburn in Lancashire, Gerrards Cross in Buckinghamshire and Auchteraw in the Scottish Highlands.
Elspeth Vincent, General Counsel at Field commented, “The whole Dentons team truly understands growth-company corporate finance and with their expert guidance have been an invaluable partner throughout this investment.”
Joseph Altendorff, UK Head of Dentons’ Venture Technology and Emerging Growth Companies Group said, “We’re delighted to have had the opportunity to act for Field and support its vision. It’s always exciting to work with high-growth companies and this was no exception. Field has a great team and one that deserves every success! We look forward to working with them for many years to come.”
The Dentons team advising Field was led by Joseph Altendorff, together with relationship partner Neil Nicholson, Corporate senior associates Joseph Collingwood and Danni Hofmeyr and Corporate associate Annabel Mockridge.
