Elgar Middleton is delighted to extend our partnership with Field by closing 1GWh of BESS senior debt financings across two transactions within a week.

Hartmoor is a 200MW 4-hour asset in North East England; its strategic importance lies in its ability to offer grid stability services and its proximity to both the Hartlepool nuclear power station and the Dogger Bank offshore wind farm. The asset was financed through a term loan, LC facility, and DSRF from ABN Amro and Rabobank.

The Hartmoor financial close was pipped to the post by the Keith site, a 39MW 5-hour system in Scotland (north of the congested B4 boundary) that represents the longest duration asset to reach financial close in GB to date. Debt was provided by ING and Rabobank as an extension to the previous facility arranged by Elgar Middleton in early 2025.

All assets are optimised by Gaia, Field’s in-house trading platform, and both portfolios are supported by day-ahead swaps to reduce revenue volatility to the benefit of both debt and equity providers.