Insights / Origination notes

Buying BESS projects: an investor checklist

Define what must be evidenced at the development milestone you intend to acquire.

Land and project control

Request the parcel information, ownership evidence and relevant land-control documents. Check what remains conditional and whether access and cable routes have been addressed.

Grid and development status

Ask for the actual connection documentation, applicable milestones and outstanding actions. Distinguish an application from connection conditions or an executed agreement.

Transaction readiness

Establish the proposed transaction perimeter, project or SPV ownership, available documentation and unresolved risks. Agree the scope of independent advice separately from the seller’s development work.

This is a preliminary screening guide, not legal, regulatory or investment advice. Project-specific requirements need separate verification.