Solar PV developer Atlas Renewable Energy has secured US$510 million in financing for a solar-plus-storage project in Antofagasta, Chile.
The United States and global energy storage markets have experienced rapid growth that is expected to continue. An estimated 387 gigawatts (GW) (or 1,143 gigawatt hours (GWh)) of new energy storage
Following the successful conclusion of the first tender of the EU renewable energy financing mechanism (RENEWFM) on 27 September 2023, 8 solar PV projects with a total capacity of 282.77 MW were awarded funding to
The BESS is the first large-scale project in the country but smaller-scale projects are being supported through a grant programme, including a 4MW/8MWh BESS. Eesti Energia
Energy Storage Financing The Energy Storage Financing study series is an outreach effort to the financial industry to help reduce and mitigate the risk of investing in energy storage
One of the first projects to benefit from Sunly''s securing the €300 million debt financing is a 244MW solar PV plant in Estonia.
Structuring options for financing energy storage projects: Partnership flip Traditional Tax Equity: Partnership flip Structuring options for financing energy storage: Sale
The European Investment Bank (EIB), together with local commercial banks SEB and Luminor, is lending the Estonian renewable energy company Sunly €62 million to build and operate a solar park in the country,
Both the US and global energy storage markets have experienced rapid growth over the last year and are expected to continue expanding. An estimated 650 gigawatts (GW)
Independent power producer (IPP) Verano Energy has closed a US$204 financing for a 83MW/660MWh solar-plus-storage project in Chile.
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
Following similar pieces in 2022/23, we look at the biggest energy storage projects, lithium and non-lithium, that we''ve reported on in 2024.
Enlight Renewable Energy has secured US$773 million in debt financing for its Country Acres solar-plus-storage project in California.
The JV between Estonian energy company Evecon, French solar PV developer Corsica Sole, and asset manager Mirova will develop the 2-hour duration systems, with plans for the first to be commissioned in 2025 and
The 209 MWh Stendal battery energy storage project is expected to be fully operational by early 2026, one year before its seven-year tolling agreement comes into effect.
The company aims to reach 1 gigawatt (GW) of operational and under-construction capacity by 2026. "The EIB''s financing will support Sunly in developing the Risti solar park and its grid
Estonia''''s hydrogen energy sector scales up to meet future need Estonia received 23 applications in April for a €1.5 billion EU call for hydrogen projects. PowerUp and Alexela, an Estonian
One of the first projects to benefit from Sunly''s securing the €300 million debt financing is a 244MW solar PV plant in Estonia.
Integrating battery energy storage systems (BESS) with solar projects is continuing to be a key strategy for strengthening grid resilience and optimising power dispatch. With proper planning
Both the US and global energy storage markets have experienced rapid growth over the last year and are expected to continue expanding. An estimated 650 gigawatts (GW) (or 1,877 gigawatt-hours) of new
Estonian renewable energy company Sunly has received a €62 million loan financing from the European Investment Bank (EIB) in collaboration with local commercial
The pumped hydro energy storage system will play into the Nord Pool Spot power market. Image: Energiesalv. Construction on a 550MW/6GWh pumped hydro energy storage project in Estonia will begin in
The first five projects are forecast to exceed 500MW capacity. The final investment decision on the projects is earmarked for 2024-25, with environmental and
Structuring options for financing energy storage projects: Partnership flip Traditional Tax Equity: Partnership flip Structuring options for financing energy storage: Sale-leaseback Structuring options for financing
Financing structure options for standalone storage projects and hybrid solar plus storage projects. The pool of potential investors in these projects by allowing project owners to transfer
The EU is investing €52 million in renewable energy projects in Finland and Estonia, adding 445 MW of solar and wind capacity by 2028 as part of its climate targets.
A roundup of the biggest projects, financing and offtake deals in the energy storage sector that we have reported on this year. It''s been a positive year for energy storage
As such, we''re providing this "Cheat Sheet for Energy Storage Finance" based on our work as buy-side and sell-side investment bankers experienced in both energy storage venture capital
The objective of the measure is to carry out a pilot programme on renewable energy storage in Estonia. The knowledge acquired in this pilot programme is expected to provide a basis for the
As part of the Biden-Harris Administration''s Investing in America agenda, the U.S. Department of Energy (DOE) Loan Programs Office (LPO) today announced the closing of a $289.7 million loan guarantee to Sunwealth
To assess the impacts of these developments on investment and deal flow, the American Council on Renewable Energy (ACORE) surveyed companies that actively develop or finance U.S.
The European Investment Bank (EIB), together with local commercial banks SEB and Luminor, is lending the Estonian renewable energy company Sunly €62 million to build and operate a solar
The European Investment Bank (EIB), together with local commercial banks SEB and Luminor, is lending the Estonian renewable energy company Sunly €62 million to
