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Announced

Completed

West Burton Energy completed the acquisition of Thorpe Marsh Green Energy battery storage from Banks Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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green energy battery storage

Renewable Energy Equipment

Acquisition

Domestic

Majority

Private

Infrastructure

Completed

Friendly

Single Bidder

United Kingdom

Synopsis

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West Burton Energy, an independent power producer and electricity supplier, completed the acquisition of Thorpe Marsh Green Energy battery storage from Banks Group, a specialist in land development for property construction, renewable energy, mineral extraction & infrastructure services. Financial terms were not disclosed. “Richard and the Banks team have done an excellent job identifying and progressing the Thorpe Marsh energy storage project, which is a real world leader in its ambition. West Burton Energy is delighted to take over ownership and looks forward to delivering this much needed project to ensure security of supply, maximise the use of renewable energy, and to re-use this former power station site,” Morris Van Looy, West Burton Energy Chief Growth and Strategy Officer.

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