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Finance

UK’s largest solar and storage project secures financial close Quinbrook completes financing for Cleve Hill Solar Park in Kent, England. The solar and storage project will be the largest in the United Kingdom when it goes live later in 2025. The developer claims contract for difference, capacity market and power purchase agreements (PPAs) were critical to securing project financing.

2 hours ago

Policy

Spain preps grants for energy storage and grid demand management A consultation exercise has been opened into a plan to distribute European Regional Development Fund (ERDF) cash into large-scale energy storage and grid flexibility sites and into customer-side electricity demand management technology.

Pilar Sanchez Molina

5 hours ago

Grid-scale

Clearway, Cypress Creek close $738 million in BESS financing Clearway Energy has launched the construction of a 320 MW/1280 MWh battery energy storage system (BESS) portfolio in Utah after closing financing. Meanwhile, Cypress Creek Renewables is already building a 200 MW standalone BESS project in Texas, which will be backed by fresh cash.

Mar 13, 2025

Finance

Northvolt files for bankruptcy in Sweden After filing for Chapter 11 bankruptcy protection in the United States in November 2024, the European battery manufacturing torchbearer has failed to negotiate and implement a financial restructuring. The business has now filed for bankruptcy in its home country.

Mar 12, 2025

Finance

Varta delists from Frankfurt Stock Exchange The German battery maker has taken further steps as part of its financial restructuring plan in a bid to avert possibile insolvency.

Mar 11, 2025

Finance

EU approves aid for 1.5 GWh storage rollout in the Czech Republic The aid will take form of direct grants which will cover up to 50% of the investment cost of supported projects.

Mar 10, 2025

Grid-scale

Supply deal and finance for another 2.2 GWh of US batteries Canadian Solar will supply its SolBank 3.0 battery systems to Aypa Power's projects in California and Texas and finance has been secured to complete construction of a further 220 MW/440 MWh battery energy storage system (BESS) in the Lone Star State.

Mar 07, 2025

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All Finance news

Neoen battery installation

Industry

Brookfield reaches majority stake agreement in Neoen Canadian global asset management company Brookfield has reached agreement for a majority stake in Australia’s largest developer of renewables, France-headquartered Neoen, and is set to acquire a 53.32% stake in pursuit of 100% ownership.

May 30, 2024

Svolt battery

Manufacturing

SVOLT abandons plans to open battery factory in Germany Chinese battery manufacturer SVOLT has cancelled plans to open a plant in the German state of Brandenburg. Meanwhile, its plans for cell production in Saarland, southwest Germany, continue to be delayed.

May 29, 2024

Team of Verkor

Manufacturing

Verkor secures €1.3 billion for French gigafactory French battery manufacturer Verkor has secured more than €1.3 billion ($1.41 billion) in green financing for the construction of its first gigafactory in France. The production facility will supply batteries for electric vehicles (EVs) and stationary storage across Europe.

May 28, 2024

Headquarter of Solarwatt in Dresden

Finance

Solarwatt ends battery storage production in Germany Solarwatt will discontinue production of energy storage systems in Germany by the years' end. In the future, the Dresden-based company will have all of its PV modules and storage systems manufactured exclusively in Asia.

Ralph Diermann, Sandra Enkhardt

May 28, 2024

Battery containers from Pacific Energy

Finance

Sosteneo to buy 49% of Enel’s battery business Generali Investments' Sosteneo unit will acquire 49% of the share capital in Enel Libra Flexsys, a company fully owned by Italian utility Enel, which operates a 1.7 GW portfolio of battery energy storage systems (BESS).

Mar 04, 2024

Tiamat sodium-ion batteries

Finance

Tiamat secures funding for sodium-ion gigafactory in France French sodium-ion battery maker Tiamat has raised €30 million ($32.6 million) in equity and debt financing. It will use the funds to launch the construction of a 5 GWh production plant in the Hauts-de-France region.

Jan 19, 2024

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