Meadow Partners, an institutional middle-market real estate investment manager, has acquired a portfolio of ten ground leases for energy assets across the U.K., meaningfully accelerating the firm’s investment strategy in powered land and the energy transition.
The portfolio comprises eight gas peaker sites and two battery energy storage system sites with a combined total capacity of 243.5 MW and 12.7 acres of land, situated across Merseyside and the Isle of Sheppey in North Kent. The portfolio is 100% leased to existing leading energy and infrastructure services tenants and offers key grid access points in highly urban areas with stable and predictable gas and electricity demand. The transaction expands Meadow’s energy infrastructure platform, which has already invested in energy assets across the U.S. and U.K., into gas peaker sites.
KEY QUOTES:
As the U.K.’s power system transitions from a fossil fuel-dominated grid to one increasingly shaped by wind, solar and interconnector flows, both BESS and gas peaker technologies are essential to providing grid stability and system management. Flexible generation and energy storage investments are critical to increasing renewable energy capacity and we believe this portfolio is well-positioned to provide complementary energy storage solutions in leading industrial markets experiencing significant power demand.
Andrew McDaniel, Co-Founder and Partner, Meadow Partners
