Standalone energy storage project financing options in Germany 2025

Does Nofar energy have financing for Stendal Bess project?

Israeli developer and independent power producer Nofar Energy has secured EUR 86.5 million ($92.5 million) in project financing from NORD/LB for its 104.5 MW / 209 MWh Stendal BESS project in Germany. The Stendal project is backed by a seven-year fixed-price flexibility purchase agreement (FPA).

When will the Stendal battery energy storage project be fully operational?

The 209 MWh Stendal battery energy storage project is expected to be fully operational by early 2026, one year before its seven-year tolling agreement comes into effect.

How much energy will Germany install in 2023?

Germany added 6.1 GWh of installations in 2023, and for 2024, new installations are projected to grow by 17%, reaching approximately 7.1 GWh. Additionally, Germany led Europe in residential energy storage, installing 555,000 units (5.0 GWh) in 2023: a 166% YoY growth—accounting for 52.6% of Europe’s new installations.

Is Berenberg partnering with obton to finance a battery storage system?

PRESS RELEASE – Berenberg and international solar park and BESS investor Obton are expanding their cooperation with a junior debt project financing for one of Germany’s largest standalone Battery Storage Systems (BESS).

How does Bess support Germany's energy transition?

By ensuring energy resilience, reliability, and sustainability, BESS aligns with Germany’s vision for a carbon-neutral future and sets a benchmark for the global energy transition. Enabling Germany's Energy Transition requires an economically sustainable model to attract necessary private capital.

When will Germany's new capacity market mechanism start?

BMWK noted that this set of procurements comes ahead of the introduction of Germany’s new capacity market mechanism, planned to start in 2028. The LDES tenders had originally been anticipated to be held late this year and in 2025, but it is understood the timeframe has moved back a year.