Our team is specialised in identifying and developing medium to large scale photovoltaic energy power plant sites and stand-alone storage installations. The mix of our passion and experience has contributed to some of the largest RES
Earlier in November, the Ministry of Energy allocated EUR 30 million in non-reimbursable support via PNRR for 791.48 MWh of battery energy storage. Once delivered, the
Romania''s Ministry of Energy published the Applicant''s Guide supporting investments in electric energy storage (batteries) through the Modernization Fund.
Romania has launched a new non-refundable funding program for battery energy storage systems to the tune of EUR 150 million ($158 million), this time dedicated to standalone facilities. The Ministry of Energy said on
The Minister of Energy of Romania will provide €103 million in financial support for battery energy storage deployments in the country.
DTE also operates a 14 MW lithium ion battery system in Trenton. In 2024, it began construction of its 220 MW Trenton Channel Energy Center, which is expected to be complete in 2026. The project is expected to
The Romanian Ministry of Energy has launched a grant program for battery energy storage systems developed in conjunction with existing renewable energy facilities –
The draft for the RESTORE tender for support to energy storage facilities in the electricity transmission system was issued for public consultation.
Enhancing Project Viability: By lowering the overall cost, tax credits can make energy storage projects more attractive to investors, improving their financial feasibility.
Romania has opened a programme supporting the installation of standalone battery energy storage systems (BESS) with a total of EUR 150 million (USD 155.3m) in non-refundable funding.
The objective of the call is to put into operation a minimum of 240 MW of electricity storage in batteries, which equals 480 MWh, by June 30, 2026. The aim is to contribute to Romania''s National Recovery and Resilience
When complete in 2026, this 220-megawatt battery energy storage center at the site of DTE''s retired Trenton Channel coal power plant is expected to be the largest standalone battery energy storage project in the
A solar project from developer Econergy in Romania. The country''s solar sector is set to grow substantially, which will help the battery storage market kick on. Image: Econergy. The European Commission has
A solar project from developer Econergy in Romania. The country''s solar sector is set to grow substantially, which will help the battery storage market kick on. Image:
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
Five companies, including Aukera Project Company and Heliomit SRL, will receive over 36 million euros for energy storage systems totaling 791.48 MWh. Additionally, a new solar panel factory
The difference is that energy storage projects have many more design and operational variables to incorporate, and the governing market rules that control these variables are still evolving.
Aurora''s outlook, based on fundamental modeling of BESS accessible markets, projects double-digit IRR for standalone BESS projects entering the market as early as 2026,
Recently, Peak Power conducted an energy storage finance webinar that focused on strategies available for financing battery storage system projects. The webinar aimed to provide valuable insights into financing options
Lessons Learned from Emerging Economies The Supercharging Battery Storage Initiative would like to thank all authors and organizations for their submissions to support this publication. This
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
The BESS project is connected to a solar and wind project. Image: Monsson. We hear from renewables independent power producer (IPP) and energy trading firm Monsson about a recent BESS project in Romania
After debt payments have been made, other investors (like equity investors) will be paid. In general, project''s assets are used as collateral to the loan. This type of financing is common in renewable energy projects because building solar,
A BESS unit at the site in Romania. Image: Prime Batteries Technology / EIT. Developer Monsson Group and system integrator Prime Batteries Technology have
Based on its modeling, Aurora foresees double digit internal rates of return for standalone BESS projects entering the market as early as 2026, while co-located assets could
The next big challenge for energy storage, after bringing down the cost so that storage is economic and finding a suitable business model, is financing. There are two ways to
The project will see Electrica, a distribution network operator and independent power producer (IPP) in Romania, build the battery energy storage system (BESS) and
A BESS unit at the site in Romania. Image: Prime Batteries Technology / EIT. Developer Monsson Group and system integrator Prime Batteries Technology have inaugurated a 6MW/24MWh battery energy storage
Battery storage is the fastest growing segment of the renewable energy sector. It is projected to be a trillion dollar market. Installation of stand-alone battery storage projects is expected to increase fivefold in the next four
The financing will be distributed through a competitive bidding process, the Balkan country''s Ministry of Energy said. The programme will be open for projects that involve the deployment of battery capacity that can store
The rapid growth in the energy storage market continues to drive demand for project financing, and like any other project-financed asset class, lenders will analyze both the amount and
A Prime Batteries BESS unit at a separate project in Romania. Image: Prime Batteries Technology / EIT InnoEnergy. Power generation firm Hidroelectrica has enlisted local firms Prime Batteries Technology and Enevo
For example, Renewable Energy Systems has 90 MW of standalone batteries in operation and more than 55 MW under construction, including two 55 MW projects in the UK that provide
