Revised February 13, 2023 Below are slides the authors prepared about tax credit opportunities and development challenges for battery storage. Tax benefits available after passage of the IRA: What is storage?
Swift Current Energy has officially closed US$242 million in project financing for its Prospect Power Storage facility. This marks a major milestone in the utility-scale storage
The general principles of project finance that apply to the financing of solar and wind projects also apply to energy storage projects. Since the majority of solar projects currently under construction include a storage
The Greek government has opened for applications a programme that will subsidise businesses to install energy storage systems, either as part of new solar projects or
CEO Maria Papadopoulou highlighted the significance of Greek lenders supporting flexibility infrastructure. Construction will begin soon, managed by a local
A solution is needed to extend battery usability and minimise environmental impact. In this context, the EU-funded Battery2Life project aims to transform used batteries into valuable
The National Bank of Greece (NBG) plays a pivotal role in the project, which has received total financing of EUR 41 million. The investment is supported by an NBG facility,
A BESS project selected last year in Greece''s second battery storage auction is now a step closer to materialization, Faria Renewables revealed. The company signed a loan
An overview of the different BESS revenue strategies that help secure financing (fully merchant, floor pricing, tolling), including examples.
The database tracks the deployment of storage across 28 countries, detailing the companies involved in each project and their role, as well as project technologies, milestones, segments and technical characteristics.
European funding opportunities Horizon Europe is the EU''s key funding programme for research and innovation with a budget of €95.5 billion. The calls in the link below come from different
Greek renewable energy company Faria Renewables is looking to the financial sector for backing to build its planned battery energy storage system (BESS) with a power outout of 49.9 MW and a storage capacity of
The financial closure of two major large-scale projects in Egypt signifies a promising advance for the country''s emerging energy storage sector. Recently, developers
Scatec plans to reach the commercial operational date for the Obelisk solar project in H1 2026. The project will happen over two exciting phases. The initial phase will
At a ceremonial signing on February 17, 2025, BPI and Chinabank formalized their commitment to fund the Magat BESS Phase 2, while BPI and BDO agreed to finance the Binga BESS project. The BESS projects,
Synopsis How do we encourage more debt into the energy storage sector? Is there a sufficient debt financing market for new developers moving into energy storage? How
The battery energy storage system (BESS) and flexible generation projects are expected to begin operations in late 2026. Credit: Statera Energy. UK-based energy company
先日の奥多摩沢登り。 豪雨に見舞われながら帰宅すると お客様からLINEが届きました。 どうやら知人の犬がこの豪雨と雷に驚いて 自宅から逸走したらしく その相談
Smart Propel, as a professional manufacturer of lithium Lifepo4 batteries with over 15 years'' experience, is able to provide clean and green energy and lithium-ion battery solutions for customers all over the world.We have a series of
Co-authored by Harry Brunt, a partner in our Energy and Infrastructure team, and Dan Roberts of Frontier Economics Introduction In this article we consider the role and application of battery energy storage systems
Our floor-stand lithium battery series plays a key role in this mission. Designed for long-term use and stable performance, these batteries are ideal for solar power systems in homes, businesses, and off-grid areas.
Greece has officially launched its third tender for battery energy storage capacity, aiming to allocate 200 MW of projects eligible for subsidies of up to 200,000 euros
Greece''s Faria Renewables SA has closed a debt financing deal with domestic lender Attica Bank to support the construction of a 49.9-MW/134.2-MWh battery facility at home.
Explore financing options for battery energy storage systems and their role in promoting a sustainable energy future through innovative solutions and investments.
European funding opportunities Horizon Europe is the EU''s key funding programme for research and innovation with a budget of €95.5 billion. The calls in the link below come from different open Horizon Europe calls that are of direct
The battery energy storage system (BESS) and flexible generation projects are expected to begin operations in late 2026. Credit: Statera Energy. UK-based energy company Statera Energy has received £300m
An increasing number of local and foreign companies are interested in building energy storage facilities in sun-loving Greece using battery technology. In fact, the Regulatory Authority for Energy (RAE) has been
Smart Propel, as a professional manufacturer of lithium Lifepo4 batteries with over 15 years'' experience, is able to provide clean and green energy and lithium-ion battery solutions for
The Greek economy is projected to maintain its robust momentum, and expand by 2.3% in 2025 and 2.2% in 2026, thanks to sustained consumption and EU-funded investment growth.
Faria Renewables has signed a loan agreement with Attica Bank for the construction of a battery energy storage system (BESS) in Greece. The project is worth EUR
Since the majority of solar projects currently under construction include a storage system, lenders in the project finance markets are willing to finance the construction and cashflows of an
Greece is getting four new battery energy storage systems (BESS) amounting to 105 MWh, while Germany''s Intilion will develop 65 MWh for Switzerland''s Primeo Energie.
Initially a response to the COVID 19 pandemic, the focus has pivoted to support Greece’s green energy transition. The storage auctions themselves require further approval under EU State aid rules. The pipeline of prospective battery storage projects now approaches 27GW, with over 500 projects granted a storage license.
Greece has emerged as one of the countries with the largest pipeline of battery storage projects, but as yet there has been little activity on the ground. This is changing as the long-awaited storage subsidy auctions have started, with the first projects being awarded support for both investment and operating costs.
Funding was first announced in 2021 as part of the National Recovery and Resilience Plan. Initially a response to the COVID 19 pandemic, the focus has pivoted to support Greece’s green energy transition. The storage auctions themselves require further approval under EU State aid rules.
The long term business case for storage will be supported by increasing interconnection, opening ancillary services and Greece’s accession to the market coupling platforms, but until then, public funding is required to kickstart investment. Funding was first announced in 2021 as part of the National Recovery and Resilience Plan.
The pipeline of prospective battery storage projects now approaches 27GW, with over 500 projects granted a storage license. With support for 1GW of battery capacity to be auctioned 3 tranches this year, the results for the first auction of 400MW have been announced with a few winners, but lots of losers.
While funding was awarded to established Greek companies, notable losers included Eunice and TERNA Energy. Significant international entities also missed out , with Iberdrola submitting 2 projects totalling 90MW, and Aquila Capital’s 30MW bid. This still leaves over 23GW that did not enter the auction.
