SAA has advised a Lithuanian company E Energy Invest (EEI) on the acquisition of a 49% stake in FFNEV BESS. The transaction covers a 2.4-GW battery energy storage system (BESS) development platform spanning Spain, Portugal, and Romania, co-developed by FF Ventures, and backed by UK-based Octopus Energy.<\/p>\n
Under the transaction, FF Ventures retains a 51% stake, while EEI acquires 49%. The partnership aims to accelerate large-scale, flexible energy storage deployment in Southern Europe. While initially focused on Spain, Portugal, and Romania, the platform may explore additional markets in the future.<\/p>\n
E Energy Invest (EEI)<\/strong> is an investment vehicle of Strioga Family Foundation, aimed to finance climate friendly initiatives in Europe. The Foundation stems from 30 year old legacy of the Lithuanian renewables group E energija, an independent developer with over 500 MW of completed wind, solar, and hybrid projects and 500MW of projects in development.<\/p>\n FFNEV BESS <\/strong>is a strategic joint venture leveraging FF Ventures’ expertise in renewable energy project development and EEI’s investment capabilities to deliver scalable and efficient energy storage solutions.<\/p>\n The SAA team advising on the Romanian law aspects of the transaction was led by Managing Partner Silviu Stratulat<\/strong> and Head of Energy & Infrastructure, Dr.<\/strong> Luiza Ionescu<\/strong>, and also included Associate Raul Arama,<\/strong> and Energy Expert Andreea Paraschiv<\/strong>.<\/p>\n For any other information on this, please feel free to contact Delia Bijnea <\/strong>(Head of Marketing and Communications) at DBijnea@saa.ro<\/a>.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-52028","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/52028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=52028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}