Schroders, CATL and Lochpine sign MoU for European BESS projects
Schroders Greencoat, in collaboration with Contemporary Amperex Technology (CATL) and Lochpine Capital, has recently signed a memorandum of understanding (MoU) to jointly explore, develop, and invest in battery energy storage projects across Europe. This agreement marks the creation of an investment platform focused on European battery energy storage systems (BESS), with CATL being designated as the primary supplier of battery units under this partnership.
The signing ceremony took place in Beijing, China, during a visit by Schroders group CEO Richard Oldfield, as part of a business delegation led by UK Prime Minister Keir Starmer aimed at enhancing commercial and investment ties between China and the UK. Lucy Rigby, Economic Secretary to the UK Treasury, was also present at the signing alongside senior representatives from all companies involved.
The main objective of this collaboration is to leverage the collective experience of the parties in renewable infrastructure and technology to support the development of up to ten gigawatt-hours of renewable energy storage capacity in Europe. Additionally, the partnership aims to contribute to Europe’s ongoing transition towards achieving net-zero emissions.
Schroders Greencoat, operating as part of Schroders Capital, currently manages around 450 renewable infrastructure assets globally, representing a net generation capacity exceeding 7.7GW. With teams based in key international cities such as Beijing, Chicago, Copenhagen, Dublin, Frankfurt, Hong Kong, London, Madrid, New York, and Shanghai, Schroders Greencoat is well-positioned to drive sustainable energy initiatives across Europe.
The alliance between Schroders Greencoat, CATL, and Lochpine Capital is expected to support the expansion of Schroders Greencoat’s activities in Europe’s energy sector and assist CATL in its international expansion plans, including a planned listing in Hong Kong next year. Richard Nourse, Chair of Schroders Capital Infrastructure, expressed enthusiasm about working with Lochpine to provide innovative investment opportunities in battery energy storage and other energy transition-related infrastructure.
Lochpine Capital, which focuses on infrastructure investments in global BESS assets and related renewable solutions utilizing CATL technology, is uniquely positioned to contribute to the success of this collaboration. This MoU further solidifies Schroders’ longstanding business presence in mainland China, spanning over three decades.
In conclusion, the partnership between Schroders Greencoat, CATL, and Lochpine Capital signifies a significant step towards advancing Europe’s energy transition and supporting sustainable infrastructure development. The original article, titled “Schroders, CATL, and Lochpine sign MoU for European BESS projects,” was sourced from Power Technology, a GlobalData-owned brand.
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