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.

Energy storage’s role in enabling decarbonisation and economic growth was at the heart of discussions at Energy Storage Summit Asia 2023.

Reducing exposure to merchant risk is key to making banks comfortable with lending money for hybrid renewables-plus-storage projects.

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.

Bitech has received a Letter of Intent from Nam Viet Green Energy for solar, battery storage project financing and execution.

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.  

Australia’s national Clean Energy Finance Corporation has invested to help a 100MW/200MWh battery storage project reach financial close.

Qcells has closed a US$150 million financing deal for its first large-scale standalone battery energy storage system (BESS) project.

Luna Battery Storage, a 100MW/400MWh BESS project in California, is now online and serving community choice aggregator Clean Power Alliance.

US$1 billion financing has been secured for ‘Round-The-Clock’ renewables, claimed as India’s biggest single-project clean energy deal.