Financial close was achieved on a 270MWh battery storage project in Belgium by removing as much asset and revenue risk as possible, Energy-Storage.news has heard.
Project owners BSTOR and Energy Solutions Group have started building separate BESS projects totalling 440MWh of capacity in Belgium, following financial close, both of which will use Tesla Megapacks.
Capacity market (CM) auctions have concluded in Italy and Belgium and battery energy storage system (BESS) projects won the lion’s share of new contracts.
Engineering consultancy Sweco has been contracted to design one of Europe’s largest battery energy storage systems with a storage capacity of 2,800MWh in Belgium.
We caught up with the CCO of Dutch-Belgian BESS developer Giga Storage, who discussed the commercialisation of gigawatt-hour-scale projects, BESS pricing and the firm’s expansion.
Lion Storage has received a construction permit for a 347MW/1,457MW BESS project while Giga Storage hopes to start construction on a similarly sized one this year, representing a major step forward for the grid-scale energy storage market in the Netherlands.
Real estate investor Montea will put €30 million (US$33 million) to installing 56MWh of distributed battery energy storage systems (BESS) at logistics sites in Belgium and the Netherlands.