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Kyon Energy, a large-scale energy storage project developer, <a href="https://cms.mercomindia.com/kyon-energy-sells-energy-storage-projects-germany/" target="_blank" rel="noopener">sold</a> four projects in Germany with a cumulative capacity of 194.7 MW to Obton, a Danish solar photovoltaic systems operator. The latest sale includes Europe’s largest battery storage facility in Alfeld, Lower Saxony (137.5 MW/275 MWh), marking the third project that Kyon Energy has transferred to the Danish investor this year. The company had previously sold Saxony-Anhalt (15.8 MW/35 MWh) and Karstädt, Brandenburg (20.7 MW/41.4 MWh) to Obton. The fourth energy storage project with 20.7 MW capacity is expected to be delivered to Obton by the end of 2023.
Enfinity Global, a renewable energy company, <a href="https://cms.mercomindia.com/enfinity-global-secures-127-million-financing/" target="_blank" rel="noopener">secured</a> €118 million (~$127.35 million) financing for constructing four utility-scale solar power projects totaling 101 MW located in the Lazio (Italy) region, which are expected to become operational in 2024. The financing will provide €77 million (~$83.10 million) of non-recourse senior debt, €41 million (~$44.25 million) of VAT financing, and LC facilities for PPAs and PV modules.
Voltalia, an independent renewable energy power producer, <a href="https://www.voltalia.com/news-releases/news-release-details/voltalia-acquires-60-megawatt-solar-plant" target="_blank" rel="noopener">announced</a> the acquisition of a 55% stake in the 60 MW Mosselbanken solar project in the Netherlands. The project is located in the industrial port of Terneuzen, in the Zeeland province. The project revenues benefit from a Power purchase agreement (PPA) of 15 years.
Abu Dhabi Future Energy Company, Masdar, along with Taaleri Energia, a Finland-based renewable energy developer, have <a href="https://www.mercomindia.com/masdar-acquires-1-gw-renewable-portfolio-poland" target="_blank" rel="noopener">acquired</a> eight hybrid renewable energy projects in Poland with a combined capacity of 1 GW from Domrel Biuro Usług Inwestycyjnych. The projects are under construction and will deploy solar photovoltaic and onshore wind technologies. Once in operation, they are expected to power 223,000 households and offset 1.8 million tons of carbon dioxide annually.
Audax Renovables, a vertically integrated Spanish renewable energy group, has <a href="https://cms.mercomindia.com/audax-renovables-secures-financing-solar-portfolio/" target="_blank" rel="noopener">secured</a> institutional financing of €66 million (~$71.17 million) to construct a portfolio of 12 solar projects totaling 141 MW in Spain. The financing for the solar projects led by the European Investment Bank will also promote the commissioning of the solar portfolio.
Click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.
Read last week&#8217;s project finance <a href="https://cms.mercomindia.com/project-finance-brief-summit-ridge-acquires-solar-projects/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Kyon Energy Sells 194.7 MW Storage Projects

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-kyon-energy-storage-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
Kyon Energy, a large-scale energy storage project developer, <a href="https://mercomcapital.com/kyon-energy-sells-energy-storage-projects-germany/" target="_blank" rel="noopener">sold</a> four projects in Germany with a cumulative capacity of 194.7 MW to Obton, a Danish solar photovoltaic systems operator. The latest sale includes Europe’s largest battery storage facility in Alfeld, Lower Saxony (137.5 MW/275 MWh), marking the third project that Kyon Energy has transferred to the Danish investor this year. The company had previously sold Saxony-Anhalt (15.8 MW/35 MWh) and Karstädt, Brandenburg (20.7 MW/41.4 MWh) to Obton. The fourth energy storage project with 20.7 MW capacity is expected to be delivered to Obton by the end of 2023.
Enfinity Global, a renewable energy company, <a href="https://mercomcapital.com/enfinity-global-secures-127-million-financing/" target="_blank" rel="noopener">secured</a> €118 million (~$127.35 million) financing for constructing four utility-scale solar power projects totaling 101 MW located in the Lazio (Italy) region, which are expected to become operational in 2024. The financing will provide €77 million (~$83.10 million) of non-recourse senior debt, €41 million (~$44.25 million) of VAT financing, and LC facilities for PPAs and PV modules.
Voltalia, an independent renewable energy power producer, <a href="https://www.voltalia.com/news-releases/news-release-details/voltalia-acquires-60-megawatt-solar-plant" target="_blank" rel="noopener">announced</a> the acquisition of a 55% stake in the 60 MW Mosselbanken solar project in the Netherlands. The project is located in the industrial port of Terneuzen, in the Zeeland province. The project revenues benefit from a Power purchase agreement (PPA) of 15 years.
Abu Dhabi Future Energy Company, Masdar, along with Taaleri Energia, a Finland-based renewable energy developer, have <a href="https://www.mercomindia.com/masdar-acquires-1-gw-renewable-portfolio-poland" target="_blank" rel="noopener">acquired</a> eight hybrid renewable energy projects in Poland with a combined capacity of 1 GW from Domrel Biuro Usług Inwestycyjnych. The projects are under construction and will deploy solar photovoltaic and onshore wind technologies. Once in operation, they are expected to power 223,000 households and offset 1.8 million tons of carbon dioxide annually.
Audax Renovables, a vertically integrated Spanish renewable energy group, has <a href="https://mercomcapital.com/audax-renovables-secures-financing-solar-portfolio/" target="_blank" rel="noopener">secured</a> institutional financing of €66 million (~$71.17 million) to construct a portfolio of 12 solar projects totaling 141 MW in Spain. The financing for the solar projects led by the European Investment Bank will also promote the commissioning of the solar portfolio.
Click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.
Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-summit-ridge-acquires-solar-projects/" target="_blank" rel="noopener">brief</a>.

<a href="https://en.kyon-energy.de/" target="_blank" rel="noopener">Kyon Energy</a>, a large-scale energy storage project developer, sold 194.7 MW of energy storage projects in Germany to Obton, a Danish solar PV systems operator.
Following the transactions of two storage projects in Tangermünde, Saxony-Anhalt (15.8 MW/35 MWh) and Karstädt, Brandenburg (20.7 MW/41.4 MWh), the recent sale of Europe&#8217;s largest battery storage facility in Alfeld, Lower Saxony (137.5 MW/275 MWh) marks the third project that Kyon Energy has transferred to the Danish investor this year. A fourth project with a storage capacity of 20.7 MW is to be delivered by the end of 2023.
The sales are part of a comprehensive framework agreement between Kyon Energy and Obton, which was concluded in the spring of 2023. Already in the agreement&#8217;s first year, a third of the storage capacity &#8211; almost 200 MWs &#8211; was successfully contributed. The cooperation between the two companies will extend over a period of three years, during which a total of 600 MW of storage capacity will be integrated into the German power grid &#8211; an investment in the energy infrastructure that amounts to a high three-digit million euro sum.
&#8220;Battery storage systems make a significant contribution to building a resilient energy infrastructure based on renewable energies and thus to achieving the energy and climate targets. The fact that we were already able to contribute 200 MW to the framework agreement in the first year is a major milestone and reflects our commitment to driving forward the energy transition in Germany,&#8221; says Florian Antwerpen, Managing Director of Kyon Energy.
According to Mercom&#8217;s 9M and Q3 2023 Energy Storage and Smart Grid <a href="https://cms.mercomindia.com/product/9m-q3-2023-funding-ma-report-storage-grid/" target="_blank" rel="noopener">Report</a>, In the first nine months of 2023, there were 22 project acquisition transactions (four disclosed) compared to 30 transactions (three disclosed) in 9M 2022.
Pacific Green, an energy storage project developer, through its wholly-owned subsidiary, Pacific Green Battery Energy Park (Italia), <a href="https://cms.mercomindia.com/pacific-green-acquires-stake-500-mw-energy-storage-portfolio/" target="_blank" rel="noopener">acquired</a> a 51% stake in five projects totaling 500 MW/ 2,800 MWh in Italy from Sphera Energy Srl.

Kyon Energy Sells 194.7 MW Energy Storage Projects in Germany

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