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.

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.

E Energy Invest (EEI) 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.

FFNEV BESS 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.

The SAA team advising on the Romanian law aspects of the transaction was led by Managing Partner Silviu Stratulat and Head of Energy & Infrastructure, Dr. Luiza Ionescu, and also included Associate Raul Arama, and Energy Expert Andreea Paraschiv.

For any other information on this, please feel free to contact Delia Bijnea (Head of Marketing and Communications) at [email protected].