Matrix Renewables

Investor: CIBC, MUFG Bank and NatWest

Matrix Renewables has closed a £245m non-recourse project financing round to support the construction of a large-scale battery energy storage system (BESS) in the Borders. Summary of transaction details: Value: £245m Sector: Industrials & Energy Advisor: None Key Entities: Matrix Renewables, CIBC, MUFG Bank, NatWest Location: The Borders, UK Note: The deal reflects the strong and growing demand for high-quality battery storage assets and reinforces the strength of Matrix Renewables' UK platform, contributing to the growth of the renewable energy sector.