🔋 We are delighted to partner with Castleton Commodities International and S4 Energy on the sale of 310 Megawatts of battery project rights. This sale proves the quality of our 80 GWh battery project pipeline and makes Terra One profitable less than 2 years after foundation. We will use the proceeds to construct several hundred Megawatts of own batteries, which we will optimise via our groundbreaking GPT-based algorithmic trading platform. 🤝 We are looking forward to working with the CCI and S4 teams to advance the energy transition in Europe. #batterystorage #energytransition #energytrading #germanstartups #startupfunding
Terra One, a pioneer in grid-scale #battery energy #storage systems (#BESS) in #Germany, has announced an agreement to sell a 310 MW portfolio of stand-alone battery storage project rights in Germany to Castleton Commodities International, which acquired the projects via it's subsidiary S4 Energy BV. Capcora supported the seller as exclusive M&A adviser in this transaction while Baker McKenzie acted as legal advisor on behalf of Terra One. This deal stands out as a landmark in Germany’s young BESS market and is among the first cross-border transactions in this emerging sector. #Energystorage #Batterystorage #energytransition #finanicaladvisory Link: https://lnkd.in/egMpFxve Deal Team Capcora: Henning Prigge, Maximilian Bank, Mika Küver Deal Team Baker McKenzie: Holger Engelkamp