Olga Sypula, VP and regional director for Central Europe at developer and IPP European Energy, shares her views on the key trends, opportunities and challenges across the Central and Eastern Europe (CEE) energy storage market.
A flurry of project completions, financings and supplier deals for large-scale BESS across the Central and Eastern Europe (CEE) region, from Greenvolt, Renovatio & CATL, Eurowind, Renalfa, MOL Group, Tavion, MetaWealth and Enexus & Longi.Â
IPP Greenvolt has put a 99.8MW/288.6MWh BESS into commercial operation in Hungary, the largest in the country, while pipelines and projects have been progressed in Italy, France, Netherlands, Belgium and Spain.
EDF Power Solutions has commissioned a 50MW/120MWh BESS project in Poland, Eurus has done the same in Hungary, while NGEN and Aretis Group have financed and enlisted optimisers (respectively) for projects in Hungary, Romania, Poland, Slovenia and Latvia.
Hungary is entering a new phase of its energy transition, opening up new opportunities for energy storage investment. But bankability is still a challenge, so equity investment is needed, writes lawyer Daniel Orosz.
The European Bank for Reconstruction and Development (EBRD) will provide project financing for large-scale solar and storage projects in Egypt and Hungary, for project owners HAU Energy/Infinity Power and Renalfa respectively.
Another roundup of European grid-scale BESS project news, led by MORE and Zenobe putting Greece and UK projects into operation, and major project financings/construction starts by Acacia in France, Greenvolt in Hungary and Eco Stor in Germany.
Thermal energy storage (TES) technology company Kyoto Group’s latest project will displace the use of natural gas at a corn processing plant in Hungary, Europe.
Renalfa IPP has secured a €315 million (US$367 million) financing package from an EBRD-led consortium to support a 1.6GW renewables, 3.3GWh BESS rollout in Bulgaria, Hungary, Romania, and North Macedonia.
