News release

JLL advises Quinbrook on the 50% divestment of a BESS asset at NTP

Leading renewable investment manager sells 115MW transmission connected Uskmouth BESS asset to E.ON UK plc

April 02, 2024

Nicole Sansom

EMEA Communications Manager
+44 7543 305 152

LONDON, [02nd April, 2024] – JLL’s Energy and Infrastructure Advisory team acted as exclusive sell-side M&A advisor to Quinbrook Infrastructure Partners, a leading energy transition investment manager, on the 50% sale of a notice-to-proceed (NtP) battery energy storage system (BESS) project located in Newport, South Wales, with a total capacity of 230MW. The project has commenced construction and expected to begin operations in the first quarter of 2025.

Following a competitive process, one of the two 115MW BESS projects was sold to the E.ON UK plc. Once operational, the asset will be operated independently by Quinbrook and E.ON.

The completion of this sale is a significant achievement that marks the third BESS close of 2024, and comes off the back of a successful 2023 where JLL closed 8 deals across 4 countries with a total capacity of over 1.7GW. JLL has now advised on over 6GW of BESS transactions across Europe, cementing our place as the market leading financial advisor in this sector.

Max Stirling, Director, Energy & Infrastructure Advisory, EMEA, JLL, said: “Despite falling revenues for Great Britain’s operational BESS fleet, it is great to see the interest and commitment to the sector is unwavering. BESS still remains a highly sought after asset class and one that is essential for us to reach Net Zero. It was a great pleasure to work with Quinbrook Infrastructure Partners team, who have delivered and contracted a high quality asset.”

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit