Intersect Power closes US$837 million financing for ''portfolio
US solar PV and energy storage project developer Intersect Power has closed two financing deals worth US$837 million for three battery energy storage system (BESS) projects in Texas. The trio of projects are 2-hour duration systems, each of 320MWh storage capacity (160MW power output), scheduled to go into commercial operation during this year.
Botswana to launch first utility-scale battery energy storage system
The World Bank Group has approved plans to develop Botswana''s first utility-scale battery energy storage system (BESS) with 50MW output and 200MWh storage capacity. Commenting on the financing, Satu Kahkonen, World Bank country director for Botswana, said: "In addition to financing, the World Bank will provide technical assistance to
Market reacts to falling battery storage (BESS) prices
As Energy-Storage.news reported last month, global prices for battery energy storage systems (BESS) have been on a downward trend since early 2023, having shot up in 2022. This article requires Premium Subscription Basic (FREE) Boralex closes financing for Canada''s largest BESS at 300MW/1,200MWh. December 17, 2024.
VPPs and mobile battery storage: What are the keys to success?
The company acquired UK-based grid and battery storage software specialist Moixa a couple of years back. Moixa''s Gridshare monitoring, forecasting, control and dispatch platform powers solar PV and battery-backed VPP aggregation of around 51,000 batteries across the US, with a major focus on California, about 48,000 in Japan, and a smaller
Gridstor starts commercial operations at Goleta storage facility
Investor Nord/LB also provided US$55 billion of project debt financing to complete the development of the project. Gridstor and started construction on the project in June, following its acquisition of a 2GWh portfolio of under-development battery storage projects in Los Angeles, with the company looking to expand its footprint quickly.
Cyprus approves its first energy storage subsidy scheme
Arizona''s largest energy storage project closes $513 million in financing In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution. Recurrent Energy, a subsidiary of Canadian Solar Inc
Ontario awards 739MW of battery storage contracts in Canada''s
Winners of the procurement with BESS bids include Boralex, a Toronto Stock Exchange-listed renewable energy developer, with two projects: Hagersville Battery Energy Storage Park, a 300MW, 4-hour duration (1,200MWh) project in Ontario''s Haldimand County and Tilbury Battery Storage Project, which will be a 80MW/320MWh system in the Municipality
ESB opens Ireland''s largest battery storage facility
"Energy storage like this major battery plant at the ESB''s flagship site in Poolbeg will be a core part of Ireland''s new renewable energy transition," Eamon Ryan said. Eamon Ryan (centre) cuts the ribbon to inaugurate the 75MW/150MWh Poolbeg BESS, flanked by ESB''s Jim Dollard (left) and Fluence''s SVP and EMEA president Paul McCusker.
Tesla, Samsung interested in 150 MW battery storage tender in Cyprus
Tesla, Samsung interested in 150 MW battery storage tender in Cyprus. Photo: Sungrow EMEA on Unsplash. Published. June 28, 2024. Country. Cyprus. Author. Notably, the Ministry of Finance estimated green transition investments in Cyprus by 2030 at more than EUR 3 billion. One third is from EU chests, and the rest it sees coming from the
Triodos turns to financing UK commercial and industrial battery storage
Dutch ethical banking group Triodos was one of the parties financing this battery project, Giga Rhino, in the Netherlands. Image: Triodos. GridBeyond is to develop a pipeline of behind-the-meter battery storage projects across the UK and Ireland, thanks to a project financing facility from Triodos Energy Transition Europe Fund.
In-depth explainer on energy storage revenue and effects on financing
For battery projects and solar + storage projects, this is rarely the case, and project developers piece together a variety of contracts and market participation plans to generate revenue, setting up a negotiation with financing parties regarding the treatment of the revenue streams under financing documents and the project''s plans for
Financing for Battery Storage
Our flexible financing options simplify battery storage sales and help homeowners harness the power of the sun year-round, while staying within budget. Homeowners go green. Financing up to $135,000 for battery-and-solar
Cyprus to build ''central energy storage systems'',
Cyprus has set out a policy framework for the integration of energy storage systems after reaching a funding agreement with the European Commission (EC). The Mediterranean island''s Ministry of Energy, Commerce
Intersect Power closes US$837 million financing for
US solar PV and energy storage project developer Intersect Power has closed two financing deals worth US$837 million for three battery energy storage system (BESS) projects in Texas. The trio of projects are 2
Financing Battery Storage Systems: Options and Strategies
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 and strategies for these projects. In this article, we will unpack some of the main points covered during the webinar, highlighting key quotes
Broad Reach Power gets US$160 million financing for battery storage
Broad Reach Power''s senior VP for financing and M&A Nitin Gupta described it as a "marquee debt financing transaction in the battery storage sector". It comes shortly on the heels of system integrator FlexGen raising US$100 million investment led by Dutch energy trading company Vitol and another system integrator, Powin Energy, raising US
Cypriot utility aims to add 400 MWh of battery storage
1 天前· Cyprus state-owned utility, the Electricity Authority of Cyprus, is looking to add 400 MWh of battery storage capacity, however local energy market stakeholders have different plans.
Financial close achieved for 100MWh battery energy storage project
Financial close has been reached for a 25MW / 100MWh battery energy storage system (BESS) project in Belgium which has also been successful in a grid capacity auction alongside gas-fired power plants. Yuso began planning in 2018, asset management and project development group Aquila Capital is also partnering on financing, procuring
Solar-plus-storage project with 82MWh BESS
An environmental impact assessment (EIA) has been submitted for a renewable energy project combining solar PV and energy storage on the Mediterranean island nation of Cyprus. The project would combine 72MW of
South Korea''s KEPCO inaugurates 889MWh BESS
Aerial view of the 336MW BESS in Namwon, by HD Hyundai Electric. Image: HD Hyundai Electric via LinkedIn. KEPCO, South Korea''s biggest electric utility, has welcomed the start of commercial operations at a portfolio of
VIDEO: Industry leaders on financing utility-scale battery storage
Julian Lynn, regional head of Middle East and Asia Pacific at UK Export Finance. Stephane Tetot, investment director at BlackRock Infrastructure. Presenter / Producer: Lucy Jacobson-Durham, Solar Media . Cover image: Rendering of London Gateway, the biggest planned battery storage project in the UK. Image: InterGen.
South Korea''s KEPCO inaugurates 889MWh BESS portfolio
Aerial view of the 336MW BESS in Namwon, by HD Hyundai Electric. Image: HD Hyundai Electric via LinkedIn. KEPCO, South Korea''s biggest electric utility, has welcomed the start of commercial operations at a portfolio of large
Cyprus confirms €35 million ''investment support''
Cyprus has been a full EU Member State since 2004. In mid-July 2023, shortly after that funding was agreed, the Cypriot Ministry of Energy, a 3GWh tender scheme in Bulgaria, and €500 million support for battery
Insurance for battery storage: Best practice and risk management
Looking ahead, there is reason for optimism for battery energy storage. The industry has shown adaptability in the face of adversity, and the collaborative efforts between developers, brokers and insurers are paving the way for safer projects. Carriers are only likely to become smarter and more comfortable with storage as the technology matures.
Cyprus confirms €35 million ''investment support'' scheme for
Cyprus has been a full EU Member State since 2004. In mid-July 2023, shortly after that funding was agreed, the Cypriot Ministry of Energy, a 3GWh tender scheme in Bulgaria, and €500 million support for battery energy storage system (BESS) procurements in
Sungrow conducts ''real-world power plant fire'' test on 20MWh battery
Sungrow has conducted large-scale fire testing (LSFT) on four 5MWh battery storage units, claiming it to be in industry-first test procedure at that scale. The battery energy storage system (BESS) arm of Chinese solar PV inverter company Sungrow said yesterday (17 November) that the recent test, overseen by standards and certification group DNV
Iberdrola to deploy 300MWh of battery storage projects in Spain
Iberdrola is one of Spain''s largest utilities and is also active as an independent power producer (IPP) internationally. Image: Iberdrola. Utility and independent power producer (IPP) Iberdrola will deploy battery energy storage system (BESS) projects in Spain adding up to 150MW/300MWh, to be co-located with existing PV plants.
Australia: 2023 a ''significant year'' for utility-scale battery storage
These speak to a general increase in the average duration of storage projects in Australia, as well as their prevalence. The largest project currently under construction is the 850MW/1,680MWh Waratah Super Battery in New South Wales, in which the government-backed Clean Energy Finance Corporation (CEFC) invested AU$100 million in June 2023.
Cyprus to build ''central energy storage systems'', hybrid storage
Cyprus policy framework for the integration of energy storage systems follows funding agreement with the European Commission (EC). in a public announcement how technology providers, contractors and other partners will be chosen, MECI did say that any battery energy storage system (BESS) projects must be completed within 18 to 24 months