Supporting the Growth of Tag Energy in the UK BESS Market
Source: www.gulfoilandgas.com 10/18/2023, Location: Europe
Triple Point has provided a senior secured loan to fund the construction and operation of Tag Energy's upcoming battery energy storage system (BESS) located in the UK. Triple Point’s debt is part of a wider £70m debt package and includes an uncommitted accordion facility.
''Triple Point is delighted to be supporting TagEnergy’s further growth in the UK BESS market. Financing the construction of greenfield BESS assets is key for the decarbonisation of the UK power sector, which is at the heart of our energy investment strategy.” Commented Ariane Brunel, Investment Director at Triple Point.
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