Schroders Greencoat, part of Schroders Capital, has signed a memorandum of understanding (MoU) with China-based battery manufacturer Contemporary Amperex Technology Co Ltd (CATL) and Lochpine Capital to explore the development and investment of battery energy storage projects in Europe.
The agreement outlines plans for a European battery energy storage investment platform, with CATL supplying the batteries. The partners said the collaboration could support the development of up to 10GWh of renewable energy storage capacity over time.
The MoU was signed during a visit to Beijing by Richard Oldfield, chief executive of Schroders, who was part of a British business delegation led by UK prime minister Keir Starmer aimed at strengthening trade and investment ties between the UK and China. Schroders has operated in mainland China for more than 30 years.
Under the partnership, Schroders Greencoat will bring its energy transition and infrastructure investment expertise to the platform. The deal also supports CATL’s international expansion following its Hong Kong listing in 2025.
Schroders Greencoat manages renewable infrastructure assets across Europe and globally, while Lochpine Capital focuses on battery energy storage systems and renewable solutions, including investment platforms using CATL battery technology.
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Richard Nourse, chair of infrastructure, Schroders Capital, said: “Accelerating Europe’s energy transition requires the deployment of significant amounts of capital. We look forward to working with Lochpine to provide investors with innovative ways to broaden access and investment into battery energy storage and other energy transition related infrastructure.”
James Wang, chief investment officer, CATL, commented: “CATL places great importance on the significant growth potential of Europe’s zero‑carbon market. It aims to promote and catalyze investment in Europe’s energy transition through a specialized fund management platform, further strengthening cooperation between China and Europe in advancing zero‑carbon initiatives.”
