WEMO 2025 (complet) - Flipbook - Page 94
04 Opportunities of 昀氀exible consumption
Client story: NW
How we see this market / issue
A consortium of lenders led by Santander CIB and Rabobank approached us to legally
structure and de-risk a €430 million 昀椀nancing package to support NW’s second-generation
JBox® systems across France and Finland.
What we are doing
We advised the consortium of lenders on the legal structuring of one of the largest private
storage 昀椀nancings in Europe. The 昀椀nancing enabled NW to deploy more than 2 GWh of
storage capacity by 2025, reinforcing its leadership in 昀氀exibility services.
Our role included a full legal and regulatory due diligence of NW’s BESS activities in France
and Finland, with a focus on electricity market participation, licensing requirements,
compliance with EU energy law, and regulatory treatment of storage revenues.
We also assisted in drafting and negotiating the 昀椀nancing agreements.
NW is a French energy transition company and
the national leader in battery electricity storage.
Through its patented JBox¨ units, NW develops
and operates large-scale storage infrastructure
that supports grid stability in rural and periurban areas.
