Schroders, CATL and Lochpine sign MoU for European BESS projects

Core Insights - Schroders Greencoat has signed a memorandum of understanding (MoU) with Contemporary Amperex Technology (CATL) and Lochpine Capital to explore and invest in battery energy storage projects in Europe [1] - The partnership aims to develop up to ten gigawatt-hours of renewable energy storage capacity, contributing to Europe's transition to net-zero emissions [3] Group 1: Partnership Details - The MoU establishes an investment platform focused on European battery energy storage systems (BESS), with CATL as the primary battery supplier [1] - The signing occurred in Beijing during a visit by the UK Prime Minister, aimed at enhancing commercial ties between China and the UK [2] Group 2: Company Background - Schroders Greencoat manages approximately 450 renewable infrastructure assets globally, with a net generation capacity exceeding 7.7GW [4] - The alliance is expected to bolster Schroders Greencoat's activities in Europe's energy sector and support CATL's international expansion plans [5] Group 3: Strategic Goals - The collaboration seeks to combine expertise in renewable infrastructure and technology to facilitate significant capital deployment for energy transition [6] - Lochpine Capital focuses on global BESS assets and renewable solutions utilizing CATL technology [6] Group 4: Historical Context - This MoU builds on over three decades of Schroders' business presence in mainland China [7]