Schroders Greencoat signs MoU with CATL and Lochpine Capital

30 Jan Schroders Greencoat signs MoU with CATL and Lochpine Capital

(Oilandgaspress) -] Schroders Greencoat signed a strategic memorandum of understanding (MoU) with Contemporary Amperex Technology Co Ltd (CATL), a globally leading China-based battery maker, and Lochpine Capital to jointly explore, develop and invest in battery energy storage projects in Europe.

Today’s MoU signing comes as Schroders Group Chief Executive, Richard Oldfield, visits Beijing as part of a British business delegation led by UK Prime Minister, Sir Keir Starmer, to forge closer business, trade and investment links between the UK and China. Schroders, supported by the success of its partnership with Bank of Communications, has had a presence in Mainland China for more than 30 years.

The collaboration seeks to leverage the parties’ collective expertise in green energy infrastructure and technology, with the shared ambition to support the potential development of up to 10GWh of renewable energy storage capacity over time and to contribute to Europe’s net-zero energy transition.

Under the MoU, the parties will work together to develop an investment platform in European battery energy storage systems. CATL will be the supplier of batteries under this framework.

The partnership will leverage the energy transition expertise of Schroders Greencoat, one of Europe’s largest dedicated managers in this space and part of Schroders Capital, the US$111 billion private markets business of Schroders. It will also lend support to CATL’s international expansion following its public listing in Hong Kong in 2025.

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