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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.
DNV

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.
Aerial view of a commissioning celebration at a CBEA project implemented by PoweGen in Dokota, Niger State, Nigeria. Image: CBEA.

Microsoft Climate Innovation Fund, Bank of America among funders of Africa mini-grid push

June 21, 2022
Crossboundary Energy Access, an investment platform which is project financing solar-powered mini-grid projects in rural Africa, has secured US$50 million funding.
summit ridge

Community solar developer Summit Ridge gets financing for 31MWh BESS in New York

June 9, 2022
Community solar owner-operator Summit Ridge has secured US$15 million in project financing for two battery energy storage system projects in New York City, US.

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Longroad Energy brings battery storage capacity at Arizona solar ‘Complex’ to 2.4GWh

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