26 October 23

Triple Point provides a senior secured loan to fund the construction and operation of TagEnergy’s upcoming battery energy storage system

Triple Point has secured a debt package of up to £70m for the global clean energy enterprise, TagEnergy. This debt package, in collaboration with lenders Santander and Rabobank, will fund the construction and operation of TagEnergy’s upcoming battery energy storage system (BESS) located in the UK.

“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.

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