Deal Analysis – Eku Energy’s Ocker Hill BESS

While there has been no shortage of lenders willing to finance merchant BESS projects, Eku Energy's Ocker Hill BESS could prove that battery storage projects can be profitable, while having a significant portion of their revenue stack under long-term contracts. While the financing for the 99MW BESS is not the largest transaction in the UK, the project is notable for a 10-year tolling agreement, covering 70% of the offtake. inspiratia looks at the financial close for the Ocker Hill BESS, said to be one of the longest-financed tolling structures in the UK to date.