Synergy Consulting is advising the Sponsors in raising debt financing for the projects. Synergy is engaged in Debt Restructuring, Term-Sheet and Financing Document Negotiation, Coordinating with Lenders Advisors for the Due Diligence Process and related work streams.
The portfolio comprises two projects, each being of 100 MW battery energy storage project, which are being developed for providing frequency response services to ensure grid stability. The projects are in advanced stages of development and commercial operation is expected to commence in 2021. Once operational, the projects will provide essential ancillary services to EirGrid thus enabling Ireland in achieving its renewable energy targets.