What is the main goal of the Schroders Greencoat, CATL, and Lochpine Capital MoU?

The main goal is to jointly explore, develop, and invest in battery energy storage projects across Europe, creating an investment platform for BESS.

Which company will be the primary supplier of battery units under the agreement?

CATL has been named as the primary supplier of battery units under the arrangement.

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Schroders Greencoat & CATL Eye Europe's Energy Future

Q: How much renewable energy storage capacity does the partnership aim to develop?

The partnership aims to support the development of up to ten gigawatt-hours of renewable energy storage capacity in Europe.

2 Feb

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Summary

Schroders Greencoat, CATL, and Lochpine Capital explore EU battery projects.
Aims to develop up to ten gigawatt-hours of renewable energy storage.
Partnership supports Europe's net-zero emissions transition goals.

Schroders Greencoat & CATL Eye Europe's Energy Future

Schroders Greencoat, CATL, and Lochpine Capital have entered into a memorandum of understanding to jointly explore and develop battery energy storage projects throughout Europe. This agreement establishes an investment platform focused on European battery energy storage systems (BESS), with CATL designated as the principal supplier of battery units.

The collaboration seeks to combine expertise in renewable infrastructure and technology. The parties aim to support the development of up to ten gigawatt-hours of renewable energy storage capacity across Europe. This initiative is designed to aid the continent's ongoing transition towards achieving net-zero emissions.