Does BW ESS have a green loan?
BW ESS has secured a SEK 628 million green loan from Nordea Bank to finance its 211 MW/211 MWh battery storage portfolio in Sweden, marking the largest BESS financing deal in the Nordics to date. April 28, . By Mrinmoy Dey
Does BW ESS have a green loan agreement with Nordea?
On 28 April , BW ESS, through a partnership with Ingrid Capacity AB, announced that it had entered into a green loan agreement with Nordea in order to finance a 211 MW operational BESS portfolio in Sweden. The portfolio of 14 large-scale BESS facilities is the largest in the Nordics.
How much money does BW ESS invest in Ingrid capacity?
BW Group invested around SEK 1 billion into Ingrid Capacity in April . According to BW ESS’ website, the 14 batteries which are the subject of the green loan are between 5 MW and 20 MW in scale and “generally” have an hour of storage capacity. BW ESS is active in the UK, Australia, Italy, Germany, and Sweden.
Why is BW ESS partnering with Nordea?
“We are thrilled to be partnering with Nordea on this landmark transaction for BESS in the Nordics, representing not only a significant milestone for the market, but also a significant achievement for BW ESS,” said Marc Weisser, CFO of BW ESS.
Largest battery storage financing in the Nordics to date financing
On 28 April , BW ESS, through a partnership with Ingrid Capacity AB, announced that it had entered into a green loan agreement with Nordea in order to finance a
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