Freeths Leicester has advised Electric Land on its new collaboration with battery energy storage system (BESS) developer-operator Dais Energy Ventures (Dais), as the businesses announce a joint venture to develop, build and operate 4GW of BESS projects in Germany.
Electric Land invests and develops freehold powered land for energy generation and storage across Europe. The business has been a dominant specialist investor in the energy market since 2015, across renewables, reserve power generation and storage facilities.
Dais catalyses energy system decarbonisation through energy storage. The company operates throughout European markets as a fully integrated platform, specialising in the development, construction and operation of energy storage solutions.
This partnership will allow the two companies to collaborate and deploy the grid-scale BESS projects at strategically selected sites across Germany, with the first project anticipated to reach commercial operation next year.
Leading the Freeths team on this deal was director Hannah Tessyman. She was supported by director Michelle Wilkinson and associate Ryan Belcher.
Commenting on the deal, Hannah Tessyman said: “It was a pleasure to advise Electric Land on its milestone partnership with Dais. This joint venture will allow the business to build out a substantial German pipeline, scale investment opportunities, and expand its international reach. We very much look forward to watching this relationship flourish, bringing new opportunities to the BESS market.”
Nell Mueller-Shaw, senior legal counsel at Electric Land, said: “Hannah was a pleasure to work with and the Freeths team helped us efficiently lay the foundations for our exciting new strategic partnership in Germany.”
