It’s been a busy few weeks in the run-up to Christmas in Europe’s BESS project space, with M&A, final investment decisions (FID) and supplier deals in Germany, Belgium, Portugal, Italy, Finland, Romania and the UK totally around 800MW of capacity.
A trio of Germany grid-scale BESS news items, with Next Kraftwerke and ju:niz Energy agreeing a seven year toll, Alpiq announcing a 370MW pipeline, and WBS Power selling the country’s largest solar-plus-storage project and planning a data centre on the same site.
In a major week for European BESS deal-making, project acquisition and financing deals have been done in the Poland, Germany, Finland, the UK and Romania for grid-scale projects totalling well over 1GW of capacity.
Asset manager AIP Management has bought a 49% stake in a 2.4GWh UK portfolio from global BESS investment platform BW ESS for a deal in excess of £650 million (US$873 million).
The sale of the UK BESS-holding Harmony Energy Income Trust (HEIT) proved private capital’s greater patience and valuation around the asset class, the CEO of its former investment advisor told Energy-Storage.news.
“Battery energy storage systems (BESS) typically change ownership between two and four times during their 40-year lifecycle,” John Sheehy, CEO of Pottinger, said on day two of the Battery Asset Management Summit Australia 2025 this morning.
Lyten’s deal to acquire and recommence operations of European battery firm Northvolt out of bankruptcy has winners and losers, but some of the challenges that led to its demise have already been solved.
Owner-operator Eco Stor has connected what it claimed is the largest BESS in Germany to the grid, while its former majority owner is going to build a BESS in Finland.
