UAB Elesela secures non-recourse financing from Artea Bank for 20 MWh battery energy storage project in Klaipėda, Lithuania
Type: Financing · Technology: Storage · Country: Lithuania · Capacity: 20 MWh · Announced: 2026-08-26
UAB Elesela has reached financial close on a 20 MWh standalone battery energy storage project located in Klaipėda, Lithuania. Artea Bank is providing a non-recourse financing package to fund the construction and procurement of storage equipment for the project. ZOE Energy Storage has been appointed as the turnkey system integrator, responsible for supplying, installing, and commissioning the battery system. The project has now moved into construction, with grid connection and commissioning scheduled for January 20, 2027.
Analysis
UAB Elesela secured non-recourse financing from Artea Bank for a 20 MWh battery energy storage project in Klaipėda, Lithuania. Artea Bank is providing the non-recourse financing package to fund construction and procurement for the project. ZOE Energy Storage has been appointed as the turnkey system integrator for the battery system. The project is now in construction, with grid connection and commissioning scheduled for January 20, 2027.
Key points
- UAB Elesela secured non-recourse financing from Artea Bank.
- The project is a 20 MWh battery energy storage facility.
- The project is located in Klaipėda, Lithuania.
- ZOE Energy Storage is the turnkey system integrator.
- Grid connection and commissioning are scheduled for January 20, 2027.
Counterparties
- Artea Bank (Lender)
- UAB Elesela (Borrower)
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