Aquila Clean Energy secures €26 million financing for Project Wetzen battery energy storage system in Germany

Type: Financing · Technology: Storage · Country: Germany · Capacity: 56 MW · Value: EUR 26M · Announced: 2026-06-08

Aquila Clean Energy reached financial close on the Project Wetzen standalone battery energy storage system (BESS) in Lower Saxony, Germany, securing bilateral financing exceeding €26 million from ING Deutschland. The 56 MW / 112 MWh project, developed by Aquila Clean Energy and owned by funds managed by Aquila Capital, marks one of the first fully merchant BESS financings in the German market. This transaction underscores the growing role of battery storage in enhancing grid flexibility, resilience, and decarbonization efforts across Europe. The project is expected to optimize renewable energy integration and support grid stability in a region with high renewable penetration. ING Deutschland structured the debt facilities to fund the project's construction and operational phases, reflecting the bank's commitment to energy transition infrastructure. No advisory firms were mentioned in the financing structure.

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