project finance

A panel discussion on the first day of Energy Storage Summit Asia 2023 discusses the role of grid-connected energy storage. Image: Andy Colthorpe/Solar Media

What we learned at Energy Storage Summit Asia 2023

July 28, 2023
Energy storage’s role in enabling decarbonisation and economic growth was at the heart of discussions at Energy Storage Summit Asia 2023.
Energy Storage Summit Asia 2023 took place in Singapore this week. Image: Solar Media.
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Banks need minimal merchant risk to lend for co-located renewables and storage projects in Asia  

July 13, 2023
Reducing exposure to merchant risk is key to making banks comfortable with lending money for hybrid renewables-plus-storage projects.
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West Africa’s ‘first frequency regulation-dedicated’ BESS financed in Senegal

June 26, 2023
Finance institutions GMO and PIDG will finance a first battery storage project in Senegal dedicated to frequency regulation, the first in the region, project developer Africa REN claimed.
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Vietnam’s Nam Viet Green Energy to finance up to US$300 million US solar and BESS projects

May 9, 2023
Bitech has received a Letter of Intent from Nam Viet Green Energy for solar, battery storage project financing and execution.
While the 83% year-on-year drop sounds dramatic, Q1 2022 was an outlier due to the inclusion of LG Energy Solution's US$10.7 billion IPO which itself accounted for 83% of that quarter's total. Image: Solar Media using Mercom Capital data.

Corporate funding for battery storage companies slows down in Q1 2023

April 18, 2023
Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.  
Elsewhere in Australia, Neoen's 100MW/200MWh Capital Battery project reached financial close in October and construction underway. Image: Neoen via Twitter.

Australia’s CEFC lends AU$35.5 million towards cost of Neoen’s Capital Battery project

October 5, 2022
Australia’s national Clean Energy Finance Corporation has invested to help a 100MW/200MWh battery storage project reach financial close.
Construction activity underway at the site. Image: Qcells / PRWeb.

US$150 million financing closed by Qcells for largest standalone BESS in Texas’ ERCOT market

September 9, 2022
Qcells has closed a US$150 million financing deal for its first large-scale standalone battery energy storage system (BESS) project.
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Debt-financed 100MW/400MWh battery project serving California non-profit energy supplier

September 5, 2022
Luna Battery Storage, a 100MW/400MWh BESS project in California, is now online and serving community choice aggregator Clean Power Alliance.
ReNew Power CEO, chairman and founder Sumant Sinha visits one of the company's wind projects in Jagalur, India. Image: ReNew Power via Twitter.

ReNew Power claims India’s ‘biggest ever’ finance deal made for battery-backed renewable energy project

August 18, 2022
US$1 billion financing has been secured for ‘Round-The-Clock’ renewables, claimed as India’s biggest single-project clean energy deal.
fotowatio frv tyler hill uk battery storage greece

UK’s Harmony Energy gets US$74 million debt facility from retail bank Natwest

June 24, 2022
Harmony Energy has secured a £60 million debt facility from major UK retail and commercial banking group NatWest.

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Enel secures PPA for part of solar-plus-storage project in ERCOT with 104MW BESS

Lithium supply chain much improved but transformers and other components a headache for BESS industry

Fluence and Statkraft to build Ireland’s first 4-hour BESS

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Gore Street talks CEE market approach

NGEN deploying largest BESS in Slovenia, Austria and Croatia, looking beyond CEE

Dominion Energy in ‘innovative and timely’ pilot of long-duration energy storage technologies

Upcoming Events

40th European Photovoltaic Solar Energy Conference and Exhibition (EU PVSEC 2023)

September 18
 - September 22
, 2023
CCL Lisbon Congress Centre, Lisbon, Portugal

Energy Storage Summit Central Eastern Europe

September 26
 - September 27
, 2023
Warsaw, Poland

A future-proofed inverter: Huawei FusionSolar’s Intersolar Award Winner SUN2000-330KTL

September 27
 - September 27
, 2023
9am (EDT) / 3pm (CEST)

Energy Storage Awards

September 28
 - September 28
, 2023
London, UK

Energy Storage Canada Conference 2023

October 3
 - October 4
, 2023
Toronto, Canada

Energy Storage Global Conference 2023

October 10
 - October 12
, 2023
Brussels, Belgium
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