Prime Capital Acquires 135 MW BESS Project Monet

Prime Capital's acquisition of Project Monet, a 135 MW battery energy storage system (BESS) in Saxony-Anhalt, Germany, from Zelos Energy Developments, represents a strategic move to expand its presence in the German battery storage market. The project, fully permitted and ready-to-build with construction slated for early 2026, will enhance Prime Capital's portfolio and contribute to grid stability and renewable energy integration. The involvement of advisors like CleanCap and technical consultants like AFRY further underscores the project's viability and potential for success. This acquisition is notable due to the project's substantial size (135 MW), the involvement of established players like Prime Capital and Zelos Energy Developments, and the project's advanced stage of development. The deal signifies increasing investor confidence in battery storage as a crucial component of the energy transition. The legal counsel provided by DLA Piper and Brock Müller Ziegenbein and Terpitz Rechtsanwaltskanzlei ensures a smooth and legally sound transaction process.