After a quiet period, M&A in the UK’s large-scale BESS market has picked up with transactions from CIP, Fidra Energy, Elements Green, Gresham House and Eelpower in the past fortnight.
While Germany is often described as the ‘hottest’ energy storage market in Europe, growing uncertainty on multiple policy and regulatory topics has led to a ‘cooling’ of investor interest.
Recurrent Energy Australia has achieved grid connection approval under clause 5.3.4 of the National Electricity Rules from the Australian Energy Market Operator (AEMO) for its Sundown Energy Park.
Dutch TSO TenneT has signed a contract with a developer for a large-scale BESS which will help to relieve grid congestion, possibly enabling the quicker deployment of renewables in the Netherlands.
Terna, the transmission system operator (TSO) of Italy, has approved the grid connection for a 500MW/3GWh BESS project. Meanwhile several smaller projects have progressed across the rest of Europe.