Mid-market real estate investment manager Meadow Partners is acquiring a portfolio of ten ground leases for energy assets across the UK for an unspecified sum.
The portfolio, comprising eight gas peaker plants (which generate energy during periods of high demand) and two battery energy storage system (BESS) sites, as well as 12.7 acres of land, is situated across two industrial locations in Merseyside and the Isle of Sheppey in North Kent.
The transaction expands Meadow’s energy infrastructure platform into gas peaker sites, building on a ground lease investment strategy that has already deployed capital into energy assets across the US and UK.
Andrew McDaniel, co-founder and partner of Meadow Partners, said: ”As the UK’s power system transitions from a fossil fuel-dominated grid to one increasingly shaped by wind, solar and interconnector flows, both BESS and gas peaker technologies are essential to providing grid stability and system management.
“Flexible generation and energy storage investments are critical to increasing renewable energy capacity and we believe this portfolio is well-positioned to provide complementary energy storage solutions in leading industrial markets experiencing significant power demand.”
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