Establishment of a photovoltaic energy storage joint venture

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Establishment of a photovoltaic energy storage joint venture

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BW ESS enters Spain through 2.2-GW battery JV with Ibersun | Energy

Swiss energy storage owner-operator BW ESS has formed a joint venture (JV) with Spain-based Ibersun, aiming to develop at least 2.2 GW of utility-scale battery energy storage

Sayenko Kharenko advises VR Capital on establishment of a joint venture

Sayenko Kharenko has acted as Ukrainian legal counsel to VR Capital on the establishment of a joint venture with Volterra Energy Group, the developing partner. The joint

FAQs 3

What is a joint venture & how does it work?

Register now for your free, tailored, daily legal newsfeed service. Find out more about Lexology or get in touch by visiting our About page. Joint ventures (JVs) are an increasingly popular form of business partnership on renewable energy projects, and play an important role in the energy transition process.

How can a joint venture plan a portfolio of projects?

If the joint venture plans a portfolio of projects, one project company could be purchased while the others stay under the joint venture. Here again, it is a good idea to attach a form of membership interest purchase agreement, purchase and sale agreement or build-own-transfer agreement to the joint venture agreement as an exhibit.

Why is governance important in a joint venture?

Governance will be crucial for the long-term health of the relationship. Some decisions require agreement by both parties. In many deals, a board of directors is created so that each party can have more than one individual involved in voting on key matters. Not all joint ventures are 50-50.