MW scale storage system project financing options in Belgium 2025

Is ESG financing a battery energy storage system in Belgium?

Energy Solutions Group (ESG) announced today that it has completed project financing for a 75-MW/300-MWh battery energy storage system (BESS) under construction in Belgium. The Megapack battery system. Source: Tesla Inc The financing was arranged by KBC Bank and Wallonie Entreprendre.

Who financing Bess projects in Belgium?

The commercial financing is provided by KBC Bank (senior loan provider) and Wallonie Entreprendre (junior loan provider) and marks a significant advancement in the financing of BESS projects in Belgium. Large-scale battery energy storage is needed to reliably integrate increasing volumes of renewables on the Belgian grid.

Why is battery storage important in Belgium?

Olivier Bouchat of Wallonie Entreprendre highlighted the importance of battery storage parks in stabilizing Belgium's energy grid, especially with the increasing reliance on decarbonized energy sources. Wallonie Entreprendre's investment supports the region’s transition to a more sustainable and circular energy future.

Can battery storage parks energize the green transition in Belgium?

The milestone of reaching financial close was celebrated as a significant step towards energizing the green transition in Belgium. Olivier Bouchat of Wallonie Entreprendre highlighted the importance of battery storage parks in stabilizing Belgium's energy grid, especially with the increasing reliance on decarbonized energy sources.

What is a €300m project financing package?

The €300m project financing package, which attracted strong interest, has been arranged as a “club deal” with a group of 8 European lenders. The Leopard project is ideally located in Delfzijl, Groningen, close to one of the main offshore wind farm production hubs in the Netherlands.

How has ESG energized the green transition in Belgium?

Frederik Jansen, ESG’s CTO, emphasized the collaborative efforts of partners Spie, Yuso, Sweco, House of Projects, and Tesla in delivering this pioneering project. The milestone of reaching financial close was celebrated as a significant step towards energizing the green transition in Belgium.

Tax credits: Tax incentives may be available for investments in BESS projects, reducing the overall capital cost. Subsidies: Direct subsidies or grants may be available through regional or national programs designed to support renewable energy integration.

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