Kirkland Advises CBRE Investment Management on Partnership with ENGIE for 2.4 GW Portfolio of Battery Storage Assets in the U.S.

Kirkland & Ellis advised CBRE Investment Management on a partnership with ENGIE North America for a 2.4 GW portfolio of battery storage assets in Texas and California. This transaction is one of ENGIE’s largest operating portfolio partnerships in the U.S. and one of the sector’s largest sales completed to date. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets. The portfolio consists of 31 projects in operation in Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) territories.

Read the transaction press release

The Kirkland team included corporate lawyers Doug Bacon, Claire Campbell and Kady Reese; and debt finance lawyers Roald Nashi, Greg Howling and Linda Zang.