IPP Enlight Renewable Energy has announced that its US subsidiary Clēnera Holdings has entered into a debt financing framework agreement for the CO Bar Complex in Arizona, US.
That’s according to Benedikt Deuchert, head of business development and regulatory affairs for German battery energy storage system (BESS) developer and EPC firm Kyon Energy.
Battery storage developer and operator Spearmint Energy has closed a US$450 million financing to support its 300MW/600MWh Red Egret battery energy storage system (BESS) project.
Independent power producer (IPP) Sunraycer Renewables has closed a US$901 million project financing facility, supporting three solar-plus-storage projects in Texas, US.
Lenders are increasingly willing to back large-scale BESS projects in Germany that don’t have any contracted revenues, although that merchant risk is priced in to structures, an executive at Aquila Clean Energy EMEA said.