SIMEC Atlantis Energy subsidiary sells site to EL (Uskmouth) Limited
By Global Infrastructure Sherpa · Aug 5, 2025
AW1 Battery Storage project
Project
SAE's subsidiary, SIMEC Uskmouth Power Limited, sold the site for the AW1 battery storage project to EL (Uskmouth) Limited for £9.0m, with an initial £2.4m paid on financial close and the balance held in escrow.
Deal Analysis
SIMEC Atlantis Energy (SAE), through its subsidiary SIMEC Uskmouth Power Limited, has sold the site for the AW1 battery storage project to EL (Uskmouth) Limited for £9.0 million. The transaction involves an initial payment of £2.4 million upon financial close, with the remaining balance held in escrow. This sale represents a strategic move for SAE, allowing them to potentially reallocate capital and resources towards other sustainable energy projects within their diverse portfolio. For EL (Uskmouth) Limited, the acquisition provides a key asset for developing battery storage infrastructure in the UK.
The deal is notable due to SAE's established presence as a global developer in the sustainable energy sector. While the specific capacity and project stage of the AW1 battery storage project are not detailed, the £9.0 million transaction value suggests a significant investment in battery storage infrastructure. The involvement of SAE, a company with a diverse portfolio of sustainable energy projects, adds credibility to the project and highlights the growing interest in battery storage solutions within the UK energy market. This transaction could signal further consolidation and investment activity within the UK's battery storage sector.
- SIMEC Atlantis Energy subsidiary sells site for £9.0m.
- Buyer is EL (Uskmouth) Limited.
- Transaction involves an initial payment and escrow arrangement.
- Deal highlights growing interest in battery storage solutions.
Market Context: The battery storage sector is experiencing significant growth globally, driven by the increasing need for grid stabilization and energy storage solutions to support the integration of renewable energy sources. The UK market is particularly active, with numerous projects under development and increasing investment from both domestic and international players.
Source Intelligence
KEY DETAILS
The AW1 project is forecast to generate average revenues of c.£13m per annum and average EBITDA of c.£9m per annum in its first five full years of operation.
SAE owns a controlling 75.3% shareholding in this holding company [AW1 Storage Holdings Limited], with the remaining 24.7% minority stake being owned by BESS Investment UK Limited.
SAE is providing a £3.1m equity investment into the holding company and a £11.1m shareholder loan to AWES.
The term of the FA runs until December 2031, at which point the loan will be repaid or refinanced by AWES.
The project has a contracted grid connection date of October 2026
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Deal Size
AWES to successfully secure £67.4m in funding to develop, build, own and operate the Group's first battery storage project.
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Capacity
The AW1 project is a 240MWh battery storage project with the ability to increase to 480MWh.
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Location
at the Uskmouth Sustainable Energy Park ("USEP"), a significant milestone that underscores the Company's commitment to accelerating the UK's transition to a low-carbon energy future.
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Financials
Nord/LB is providing £45.3m of non-recourse project finance on market standard commercial terms.
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Announcement
05 August 2025
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COD
an anticipated full commercial operations start date during Q1 2027.
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Expected Close
Further to the Company's announcement on 5 August 2025, SAE is pleased to announce the successful financial close of its AW1 battery storage project
PARTIES MENTIONED IN SOURCE
S
SIMEC Atlantis Energy Limited
developer
"SIMEC Atlantis Energy Limited ("SAE", the "Company" or, together with its subsidiaries, the "Group")"
A
AW1 Energy Storage Limited
developer
"The project is owned and is being constructed by AW1 Energy Storage Limited ("AWES"), a company dedicated to the construction, ownership and operation of this project."
E
Elgar Middleton Infrastructure and Energy Finance LLP
advisor
"Throughout the process, Elgar Middleton Infrastructure and Energy Finance LLP has acted as the financial advisor to AWES."
N
Norddeutsche Landesbank Girozentrale
lender
"Project financing is being provided to AWES through a facility agreement ("FA") with Norddeutsche Landesbank Girozentrale ("Nord/LB"), a leading German commercial bank and a prominent financier of renewable energy projects for over 30 years."
B
BESS Investment UK Limited
investor
"with the remaining 24.7% minority stake being owned by BESS Investment UK Limited, part of a global renewable energy group, which has committed to an equity investment of £4.2m into the holding company and a £3.6m shareholder loan to AWES."
A
AW1 Storage Holdings Limited
holding company
"The shares in AWES are held 100% by a holding company, AW1 Storage Holdings Limited."
C
CCR
lender
"a loan from CCR, announced on 16 April 2025"
S
SIMEC Uskmouth Power Limited
seller
"from the proceeds from sale of the site for the project by SAE's subsidiary, SIMEC Uskmouth Power Limited ("SUP"), to EL (Uskmouth) Limited for a consideration of £9.0m."
E
EL (Uskmouth) Limited
buyer
"from the proceeds from sale of the site for the project by SAE's subsidiary, SIMEC Uskmouth Power Limited ("SUP"), to EL (Uskmouth) Limited for a consideration of £9.0m."
high quality
Enriched Feb 19, 2026
Market Context
This deal is part of the Battery Storage sector in UK.
1 of 84 Battery Storage deals tracked this month · Updated daily
Global Infrastructure Sherpa