BlackRock-backed Akaysha Energy has secured AU$460 million (US$299 million) in construction financing for its 311MW/1,244MWh Elaine battery energy storage system (BESS) in Victoria, Australia.
India’s energy storage industry is at a turning point as developers, financiers, and policymakers work to define viable business models for the next wave of large-scale battery projects.
The Victoria government in Australia has approved a 300MW/1,200MWh BESS in Gippsland and a 332MW solar PV power plant with integrated storage in the state’s northeast region.
The European Bank for Reconstruction and Development (EBRD) has provided US$142 million in financing for the construction of a 1GW solar and 1.3GWh battery energy storage system (BESS) portfolio in Uzbekistan.
Victoria’s home battery energy storage programme has supported the installation of approximately 20,000 residential energy storage systems, doubling its original target of 10,000 units, according to the state’s climate action minister, Lily D’Ambrosio.
IPPs Greenvolt and European Energy have finalised financial deals for solar-plus-storage projects in Denmark and Latvia, while Olana and Energix have enlisted optimisers for BESS projects in Lithuania and Poland, respectively.
Daiwa Energy & Infrastructure (DEI), an asset manager backed by investment bank Daiwa Securities, has invested in a large-scale battery storage project in northern Japan.
