A busy week of large-scale BESS projects news from the Eastern side of Europe, with projects reaching commissioning, final investment decision, technology procurement and acquisition, led by KNESS’ 2GWh partnership with Hithium in Ukraine.
A 582MWh battery storage project and a gigawatt-hour-scale thermal energy storage system are the latest big developments in the emerging Baltic region, north-eastern Europe.
A 100MW/200MWh BESS project in Estonia has been inaugurated by Baltic Storage Platform (BSP), a joint venture (JV) between Baltic developer Evecon, French independent power producer (IPP) Corsica Sole and investment manager Mirova.
A double header of Baltic BESS news, with financing secured for two large-scale BESS projects in Estonia and Lithuania’s capex support scheme oversubscribed by 2x.
The Baltics is among the most attractive regions in Europe for battery energy storage system (BESS) investment right now, with the recent decoupling from Russia and increasing renewable energy use sending flexibility needs soaring.
Battery storage played a crucial role in the Baltic region’s switch from Russia over to the Continental European grid over the weekend, coinciding with Lithuania launching a €100 million storage support scheme.
The government of Estonia will financially back a 500MW pumped hydro energy storage project to meet the country’s need for long-duration energy storage, as the Baltics prepare to disconnect from Russia’s grid this weekend.
