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Schroders Greencoat & CATL Eye Europe's Energy Future
2 Feb
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, 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.
Schroders Greencoat, part of Schroders Capital, manages a substantial portfolio of approximately 450 renewable infrastructure assets globally, exceeding 7.7GW in net generation capacity. The alliance is anticipated to foster the growth of Schroders Greencoat's operations within Europe's energy sector and advance CATL's international expansion strategy, particularly in light of its planned Hong Kong listing.
