Sosteneo, part of the Generali Investments ecosystem, has entered into a transaction to acquire 100 percent of the holding company of Sheaf Energy on behalf of clients from Pacific Green Technologies, a global developer focused on renewable energy, energy storage systems and emission control technologies.
Sheaf Energy Park is a 249-megawatt/373.5-megawatt-hour battery energy storage system (BESS) project located in Kent, England, which is expected to begin commercial operations in mid-2025.
The transaction represents Sosteneo’s third BESS investment after acquiring the neighboring Richborough Energy Park in June and the Koorangie battery project in Australia earlier this month. The total capacity of BESS projects under Sosteneo’s management now exceeds 840 megawatt hours.
“Battery energy storage capacity is essential for the transition to a clean energy future,” said Umberto Tamburrino, managing partner, CEO and CIO Europe at Sosteneo. “Sheaf Energy Pa