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Developer Pacific Green secures £124 million financing for 249MW UK battery storage project

November 6, 2023
Pacific Green has secured £123.5 million (US$153 million) facility to support construction of its 1.5-hour, 249MW/373.5MWh BESS in Kent, UK.
Artist rendering of Edify's Koorangie ESS. Image: Edify Energy.

Edify closes on 370MWh BESS to support Renewable Energy Zone in Victoria, Australia

October 30, 2023
Edify Energy has closed financing on a battery storage project which will support the hosting of solar and wind at a government-designated Renewable Energy Zone (REZ) in Victoria, Australia.
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.

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American Clean Power report recommends energy storage-friendly market reforms to US grid operators

Sungrow and BYD progress huge BESS projects in Saudi Arabia and Chile

Fire safety: UL Solutions tests thermal runaway to new UL9540A standard, Prevalon and CLOU conduct TS-800 Large-Scale Fire Testing

Local opposition, not the new administration, is holding back US energy storage

Viridi Parente acquires mobile BESS production facility from bankrupt rival Moxion in California

Return, Alfen and Vattenfall partner on HV transmission-connected 200MWh Dutch BESS

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