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Kim & Chang Successfully Advises Hanwha Energy Corporation for Developing and Financing Battery Energy Storage Systems in Ireland


Kim & Chang successfully represented Hanwha Energy Corporation and its affiliates on their design, development and financing of two 100MW battery energy storage systems (“BESS”) in Ireland. 

This was the largest BESS project in Ireland and among the largest in Europe to help the transition to renewable energy.  It was also the first project financing deal in the world for BESS projects.  In this landmark case, Hanwha Energy Corporation procured loan facilities from the Export-Import Bank of Korea. 

The project companies have successfully entered their commercial operation for 2021.

We were actively involved in all stages of this project as the lead legal counsel for the sponsor, including the negotiation and documentation of not only the construction and project documents but also the finance documents.