Ashurst has represented Fuyo General Lease Co.,Ltd. in relation to its participation in the development and operation of two battery energy storage facilities in Cuxton, Kent and Tollgate, St Albans, England.
It revealed the project is “one of the first” battery energy storage projects which is operated by Japanese companies in the UK.
Fuyo will become a shareholder of the operating company of the energy storage facilities with Nippon Koei and other partners.
Hiroyuki Iwamura said: “We are very privileged and honoured to support Fuyo General Lease Co.,Ltd. and Nippon Koei on this important deal to provide key facilities in the UK’s energy market.”
The Ashurst team was led by corporate partner and the head of European Japanese practice at Ashurst, Hiroyuki Iwamura, supported by a senior associate Shingo Ito, both of whom are based in its London office.