IPP Econergy has entered the energy storage market in Germany with two BESS project acquisitions totalling 100MW/200MWh of capacity.
Israel-headquartered Econergy Renewable Energy has acquired the two 2-hour battery energy storage system (BESS) projects in Brandenburg, it said yesterday (11 June).
The two projects are scheduled to begin construction by the end of 2025 for a commercial operation date (COD) in Q1 2027. It didn’t reveal which developer it acquired the projects from.
Econergy is investing €73 million (US$84 million) in the two projects, which are expected to generate annual revenues of €13.7 million and an average EBITDA of €11.9 million during the first five full years of operation, the company said. The investment equates to around €365,000 per MWh of capacity.
Enjoy 12 months of exclusive analysis
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Annual digital subscription to the PV Tech Power journal
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Eyal Podhorzer, CEO of Econergy, said: “We’ve been evaluating the German market for quite some time, waiting for the right opportunity. With demand for storage accelerating, we’re proud to enter with two high-quality projects and look forward to establishing a strong local presence by bringing our best practices, execution capabilities, and storage expertise to the market.”
It brings the company’s energy storage pipeline to 4GW, building on its existing presence in the UK and Poland. The firm has a 102MWh BESS in England, called Swangate, and is building a similar-scale project in Poland co-located with solar PV.
The company has a strong presence in Europe’s solar PV market, and is considering adding BESS to much of that in light of an increasing solar ‘duck curve’ across the continent, something the firm’s head of energy storage Joshua Murphy discussed with ESN Premium earlier this year.
The Germany acquisition is the latest in a flurry of large-scale BESS project developments there this past week, following Eco Stor putting the largest BESS in the country online, and asset manager MEAG acquiring and selecting the optimiser for a similarly-sized one.
These have coincided with our publisher Solar Media putting on the inaugural Energy Storage Summit Germany 2025, co-located with parent company Informa’s The Battery Show Europe 2025, in Stuttgart last week (3-5 June). Big talking points included regulatory challenges, the Capacity Market (CM) and structures for tolling and offtakers.
