In autumn 2024 two draft regulations were published regarding state aid for large-scale electricity storage systems (BESS), one from the Modernisation Fund ("MF ") 1 -
Cypress Creek is stated to own more than 2 GW of solar and has a more than 20 GW solar and storage pipeline. "First Citizens is pleased to support Cypress Creek
New Delhi | 08 May 2024 — In a significant step forward for India''s energy transition, the Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval of India''s first commercial standalone Battery Energy
Large battery storage projects in Estonia and Latvia have moved forward as the Baltic energy system prepares to decouple from Russia in 2025.
Telšiai Wind Farm: 20 turbines, 6.2 MW each, powering 125,000 homes by 2026 Latvia''s First Large-Scale Battery: 10 MW, 20 MWh BESS for grid balance and energy security Green Energy Production: Utilitas
While financing the storage of electricity has often been carried out on a low-leveraged, corporate or portfolio basis, as the size of battery projects increases, we are now
The financial close of two significant large-scale projects in Egypt could mark progress for the country''s nascent energy storage sector.
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The loan covers financing for three 2-hour duration battery storage projects in Whitebirk (25MW), Holmston (50MW) and Drum Farm (50MW). In England, Field Whitebirk, located in Blackburn, Lancashire, is
Learn about Poland''s €1 billion energy storage subsidy aimed at installing 5.4 GWh of BESS by 2028, strengthening grid stability and accelerating the green transition.
Across the region, governments and private sector players are investing in battery production, assembly, and integration to meet the needs of emerging energy ecosystems. In particular,
Why securing project finance for energy storage projects is challenging It has traditionally been difficult to secure project finance for energy storage for two key reasons. Firstly, the nascent
A 100 MW / 200 MWh battery energy storage system in Waddinxveen, capable to power 50% of the city of The Hague, is set to go live mid 2026 and has a critical role in stabilizing the Dutch grid and accelerating
Zenobē has secured its largest battery storage financing to date, with Scottish battery storage assets to exceed 1GW £220 million in long-term debt will fund a new battery
Pioneering financing and market leadership Project Mufasa is the largest utility-scale battery storage project in the Netherlands to be fully funded through 100% project financing of over EUR 350 million.
Learn about Poland''s €1 billion energy storage subsidy aimed at installing 5.4 GWh of BESS by 2028, strengthening grid stability and accelerating the green transition.
However, financing the development of renewable energy projects remains a significant challenge. With high upfront costs and various risks involved, finding the right funding strategy
Thinking about Financing Battery Storage Systems for your commercial or industrial facility? Learn about strategies you have available in this blog and webinar.
In Hungary, up to 45% of the project costs for large-scale battery storage are covered by grants, in addition to a CfD program and grid connection facilitations. See also: Central & Eastern Europe - Utility-scale storage market
In the next two years, large storage facilities with a capacity of around 7 GWh could be built in Germany. In view of the increase in photovoltaics, the expansion should be accelerated. In the association''s opinion, legal
6 October 2024 Estonia has laid the cornerstone for what will become the largest battery park in continental Europe, a major step toward synchronising the Baltic power grids with Europe by 2025; the project, led by Evecon, Corsica Sole and
The project, aimed at preparing Estonia, Latvia and Lithuania to integrate their electricity networks with European ones by 2025 and thus shaking off their reliance on the Russian grid. Planned
In line with its strategy to lead the energy transition and accelerate the integration of renewable energy and storage into its portfolio, Origin has already invested more than $1.45 billion in these large-scale battery
At any scale, financing storage assets will require getting comfortable with technology risk. Mitigants include creditworthy suppliers standing behind extended contractual warranties; in
New Delhi | 08 May 2024 — In a significant step forward for India''s energy transition, the Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval of India''s first
The financial close of two significant large-scale projects in Egypt could mark progress for the country''s nascent energy storage sector.
One large missing piece has been funding. Storage projects are risky investments: high costs, uncertain returns, and a limited track record. Only smart, large-scale,
Germany''s large-scale battery storage could witness 500% growth with 7 GWh of facilities More than 80 percent of smaller photovoltaic roof systems are already installed in combination with
Germany''s BESS Installations Types (as of 2023) Total Grid-Scale BESS Capacity and Forecast (in GWh) Bundesverband Solarwirschaft (BSW) forecasts an additional ~7 GWh of grid-scale BESS capacity by 2026.
As the demand for renewable energy grows, large-scale energy storage projects have become critical for grid stability, renewable integration, and energy independence. However, financing these projects—especially those requiring
In line with its strategy to lead the energy transition and accelerate the integration of renewable energy and storage into its portfolio, Origin has already invested more
European Market Outlook for Battery Storage 2025-2029 7 May 2025 The report explores trends and forecasts across residential, commercial & industrial (C&I), and utility
A render of the project in North Netherlands. Image: Lion Storage via Linkedin Developer Lion Storage has successfully reached financial close on a 1.4GWh battery energy storage system (BESS) set to be developed
A state agency in Estonia has provided €5.2 million (US$5.7 million) in grants for 10 energy storage projects, including a 4MW/8MWh battery storage project from utility Eesti Energia. The state-funded Environmental Investment Centre announced the grant funding for the ten projects being developed by six companies today (28 June).
When countries are trying to reduce their greenhouse gas emissions for meeting the climate targets, the role of energy storage would be crucial. Lithium-ion batteries are also gaining space in Estonia to reduce dependence on other countries for power and to ensure a cleaner energy mix in line with its goal to build more battery parks.
Estonia has initiated construction of what will be the largest battery park in Europe that will significantly contribute to the synchronization of the Baltic power grids with Europe by 2025: this project of Evecon, Corsica Sole and Mirova will enhance the energy security and will boost renewables in Estonia.
The project, spearheaded by the Baltic Storage Platform—a joint venture between Estonian energy company Evecon, French solar producer Corsica Sole, and sustainable finance management company Mirova—aims to bolster energy security and support Estonia’s transition to renewable energy. Project Details
Lithuania has made a decisive move toward energy security for Estonia with the beginning of construction of what will be the biggest battery park in the European mainland.
The six companies are Utilitas Tallinn, Utilitas Estonia, Sunly Solar, Prategli Invest, Five Wind Energy, and Eesti Energia, and three out of the ten are heat storage projects, with the remainder for storing electricity.
