Battery developer Field has raised £200 million in equity investment from DIF Capital Partners (via its DIF Infrastructure VII Fund Triple Point Energy Transition plc. This investment will enable Field to significantly scale its fleet of batteries and enhance its in-house development and operational capabilities, according to Triple Point Energy Transition (TENT), which committed a £45.6 million debt facility for Field in March 2022.
John Roberts, chairman of TENT, said “We are delighted to see further significant institutional capital follow us by investing in Field. Field’s extensive pipeline of assets and strong in-house expertise were a clear attraction when TENT committed its capital in 2022 and we expect the investment by DIF to further enhance both Field’s capabilities in deploying BESS and its available financial resources.
With the portfolio’s second BESS asset at Gerrards Cross due to commence operations later this year, we are looking forward to continuing to work closely with Field on this critical asset class that plays such a key role in enabling renewable generation.”