Reports first emerged early last year that TotalEnergies was seeking a buyer for the stake. Subsequently, an advisor explained to Energy-Storage.news Premium that selling down a stake is a standard practice for companies like TotalEnergies when deploying such projects.
Germany is regarded as one of Europe’s most attractive markets for energy storage, though currently there is uncertainty surrounding whether storage will be subject to import-export grid fees in the long-term.
Last month, speaking with ESN, Benedikt Deuchert, head of business development and regulatory affairs for Kyon said of BESS project financing:
“The financing landscape for BESS projects in Germany is undergoing a significant shift. Projects have increasingly reached a level of bankability that attracts large-scale infrastructure investors as well as major international financial institutions. This development is essential, as the scale of required investment has grown substantially, from projects that could previously be financed with budgets in the hundreds of millions by smaller, specialised players, to a market that now requires mobilising several billions to support large-scale expansion.”
Deuchert continued, “At the same time, this evolution is closely linked to the maturation of revenue structures and risk allocation mechanisms, which enable larger and more risk-averse investors to participate in the market.”
