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UK''s Zenobē Energy gets US$285 million financing ...
This story originally appeared as two separate items this week on our UK-focused PV and storage site Solar Power Portal. Energy-Storage.news'' publisher Solar Media will host the 8th annual Energy Storage Summit EU in London, 22-23 February 2023. This year it is moving to a larger venue, bringing together Europe''s leading investors ...
US$150 million financing closed by Qcells for ...
In related news from the Texas market, sister site PV Tech reported this week that independent power producer (IPP) Cypress Creek Renewables has closed a US$216 million financing deal for a solar-plus-storage project. Cypress Creek is developing the Zier Solar and Storage project, pairing 208MW of solar PV with a …
Croatia allocating €500 million for BESS – report
Croatia will provide some €500 million (US$534 million) in subsidies for battery energy storage system (BESS) technology, a government minister has said.
EC approves grid-scale balancing batteries for Croatia
The European Commission has approved, under EU State aid rules, a €19.8 million ($19.7 million) Croatian aid measure aiming to help with the procurement …
Energy storage 2022: biggest projects, financing and offtake deals
Crimson Energy Storage, the largest battery system to have been commissioned in 2022 at 1,400MWh. Image: Recurrent Energy. A roundup of the biggest projects, financing and offtake deals in the sector that Energy-Storage.news has reported on this year.. It''s been another landmark year for energy storage, part exemplified by the …
Developer Pacific Green secures £124 million ...
Pacific Green''s Sheaf Energy Park BESS project (pictured) is already under construction. Image: Pacific Green . Pacific Green has secured a combined £123.5 million (US$153 million) facility to support construction of its 1.5-hour, 249MW/373.5MWh battery energy storage system (BESS) in Kent, UK.
Croatia investing in storage amid slow solar development
Croatia is preparing to build Eastern Europe''s largest energy storage project. IE Energy has secured €19.8 million ($20.9 million) to develop a 50 MW storage system, potentially...
Enerparc secures financing for 325MW solar-plus-storage …
The projects also received support from the German Renewable Energy Act, which came into effect in 2023, and looks to radically alter Germany''s energy mix, aiming for 80% of its energy demand to ...
Future of renewables in Croatia
In December 2018 the Croatian Parliament adopted the amendments to the Renewables Act and the Government adopted two implementing regulations, which jointly apply as of 1 January 2019 ("2019 Amendments").
Croatia investing in storage amid slow solar development
IE Energy, a Croatia-based energy storage operator, is set to build a 50 MW storage project, after securing €19.8 million from the Croatian government via state aid from the European Commission.
Croatia allocating €500 million for BESS
The bulk of that funding will go towards liquified natural gas (LNG) pipelines and infrastructure but €500 million will go to large BESS units, Habijan said.
Energy storage updater | Global law firm
The 20 MW Golomoti Solar PV and Battery Energy Storage project in the Dedza district of Malawi pairs a 28.5 MWp solar farm with a 5 MW/10 MWh lithium-ion battery energy storage system (BESS). Eskom loam signed …
Plus Power closes financing on 300MWh BESS ...
Other recent Plus Power projects reported by Energy-Storage.news include the 90MW/360MWh Superstition BESS in Arizona for which the developer secured US$82 million tax equity financing from Morgan Stanley a couple of months ago, and Hawaii''s biggest standalone BESS project to date, the 185MW/565MWh Kapolei Energy …
EIB Supports Projects of Renewable Energy Storage Capacities in Croatia
Addressing a news conference at which the EIB presented its results in Croatia in 2021, Pascenco said that there was great potential for the construction of renewable energy storage facilities. The EIB is ready to offer financial, technical and advisory support to the private sector in such projects, she said.
Financing energy storage projects: Assessing risks
Industry insiders say the energy storage market in 2017 feels like the rise of the solar industry in the late 2000s. In 2016, energy storage developers in the US installed 336 megawatt hours of storage, double the amount from the previous year.
Greener Croatia aims to cut emissions, secure energy …
A plan for a greener Croatia Croatia wants to cut its CO 2 emissions by 45% by 2030 and to abandon coal by 2033. But the transition to a low-carbon economy won''t be easy, requiring major investments in …
EIB to help Croatia invest more in energy, climate and …
The European Investment Bank (EIB) and the Ministry of Economy and Sustainable Development of the Republic of Croatia have agreed to expand cooperation …
EC approves grid-scale balancing batteries for Croatia
The aid measure has been approved in favour of energy storage operator IE-Energy to partially finance the battery installations. Taking the form of a direct grant, the measure will cover approximately 30% of capital expenditures. ... The measure will contribute to the modernisation of Croatia''s energy network, increase the country''s and …
''Largest'' battery storage project in Austria complete
As well as Austria, NGEN is also deploying large-scale projects in Croatia and its home market of Slovenia, totalling 50MW/100MWh and 70MW/140MWh in size respectively, with 1GW of projects overall in development in Europe. Energy-Storage.news has been told by a local source that the Croatia project is the largest in the country.
Energy storage updater | Global law firm
KarmSolar has secured US$2.4 million in financing for a solar-plus-storage project in Egypt which will be Egypt''s first financed solar battery PPA project. Sungrow will provide the battery storage unit, and is similarly …
Financial close achieved for 100MWh battery energy storage project …
Financial close has been reached for a 25MW / 100MWh battery energy storage system (BESS) project in Belgium which has also been successful in a grid capacity auction alongside gas-fired power plants. ... Yuso began planning in 2018, asset management and project development group Aquila Capital is also partnering on …
Financing Energy Storage: A Cheat Sheet
U.S. Market . 35 GW — New energy storage additions expected by 2025 (link) ; $4B --Cumulative operational grid savings by 2025 (link); 167,000 — New jobs by 2025 (link); $3.1B — Revenue expected in 2022, up from $440M in 2017 (link); 21 — States with 20+ MW of energy storage projects proposed, in construction or deployed (link) ; …
IPP Woodburn Capital targets BESS market in Croatia
The Ministry of Economy and Sustainable Development in Croatia issued a €20 million (US$21.7 million) funding call for renewable energy, energy efficiency and energy storage projects earlier this year, and Medenica said that next year will see one dedicated to co-located projects. Energy-Storage.news'' publisher Solar Media will host …
Iberdrola to deploy 300MWh of battery storage projects in Spain
Iberdrola is one of Spain''s largest utilities and is also active as an independent power producer (IPP) internationally. Image: Iberdrola. Utility and independent power producer (IPP) Iberdrola will deploy battery energy storage system (BESS) projects in Spain adding up to 150MW/300MWh, to be co-located with existing PV plants.
European Investment Bank to finance solar power projects in Croatia
It already finances renewable energy project in the country. Following a memorandum of understanding with Croatia''s Ministry of Economy and Sustainable Development from January, Head of the European Investment Bank''s Office in Zagreb Anton Kovačev revealed a contract would soon be signed for financing solar power plants.