Baker McKenzie Advises Terra One Climate Solutions on Agreement for the Sale of Battery Energy Storage Systems

Baker McKenzie has advised Terra One Climate Solutions GmbH on the conclusion of a framework agreement with S4Energy, a Dutch subsidiary of Castleton Commodities International (CCI), for the sale of ten battery energy storage systems. The portfolio comprises 310 MW of ready-to-build and advanced projects strategically aligned to support Germany's renewable energy targets.

"We are pleased that we were able to support Terra One Climate Solutions in all relevant legal matters from a single source. The transaction represents a milestone in the still young battery energy storage systems (BESS) market in Germany and is one of the first cross-border transactions in this sector", comments Holger Engelkamp, lead partner of this transaction.

Terra One Climate Solutions GmbH, based in Berlin, is one of the pioneers in the field of large-scale battery storage in Germany and has been active in this market since summer 2023. Terra One has established itself as a pioneer in the development and operation of large-scale battery storage systems in Germany. With a focus on innovation and sustainability, the company is driving forward the expansion of renewable energy infrastructure in order to make a significant contribution to achieving climate neutrality.

Castleton Commodities International, based in Stamford, Connecticut, USA, is a leader in energy marketing and trading as well as infrastructure investments. S4 Energy, based in Rotterdam, Netherlands, is a leading company that uses specialized expertise, equipment and advanced software to harness the power of energy storage. Its solutions have enabled the construction of over 100 MWh of energy storage.

Baker McKenzie's Corporate/M&A practice regularly advises on domestic and international transactions. Most recently, Baker McKenzie advised Berlin Packaging on the acquisition of RIXIUS AG, Instalco on the investment in FABRI AG, the main shareholder on its exit from Atlantic Hub, AURELIUS on the acquisition of What's Cooking Savoury Division, UBE Corporation on its acquisition of the Urethane Systems business from LANXESS, Grundfos on the acquisition of Culligan's C&I business, Flipp Operations on joining forces with MEDIA Central to create the world's leading provider of drive-to-store marketing, Uniwater, a Swedish headquartered group within water infrastructure on the acquisition of 4 pipes, VINCI Energies on the acquisition of the Fernao Group, Gienanth Group on the sale of its Austrian, German and Czech entities in the course of their restructuring, GNMI on the agreement to acquire Merck's surface solutions business, Mitsubishi Tanabe Pharma on the divestment of its Argatroban business, KD Pharma Group on the acquisition of the marine lipids business from dsm-firmenich in exchange for a minority stake in the company, Saab on a new investment in Helsing and Freaks 4U Gaming on a strategic acquisition by NODWIN Gaming.


Legal advisor to Terra One Climate Solutions GmbH:
Baker McKenzie

Lead: M&A / Energy: Holger Engelkamp (partner, Berlin)

Team:

Tax: Thomas Gierath (partner, Munich), Justus Eisenbeiß (associate, Frankfurt), Dominik Stork (associate, Frankfurt)
Regulatory: Dr. Janet Butler (counsel, Dr. Claire Dietz-Polte (partner, both Berlin)
Corporate/M&A:Ben Boi Beetz (associate, Berlin)