Zenobē reaches financial close on 200 MW / 800 MWh Coalburn battery energy storage project in Scotland

Type: Financing · Technology: Storage · Country: United Kingdom · Capacity: 200 MW · Announced: 2026-06-18

Zenobē has achieved financial close for its 200 MW / 800 MWh Coalburn battery energy storage project located in South Lanarkshire, Scotland. Construction is slated to commence in July, with commercial operations anticipated in 2028. The project will provide 200 MW of power for four hours and can also operate at various power and duration configurations, including 100 MW for up to eight hours. Landesbank Baden-Württemberg (LBBW), ABN AMRO, Mizuho, and Siemens Financial Services provided the financing for this material energy storage initiative. This marks Zenobē's fourth large-scale project in Scotland to reach financial close in the last eighteen months, contributing to over £1bn invested in clean transport and power in the region.

Analysis

Zenobē has reached financial close for its 200 MW / 800 MWh Coalburn battery energy storage project in South Lanarkshire, Scotland, with financing provided by Landesbank Baden-Württemberg (LBBW), ABN AMRO, Mizuho, and Siemens Financial Services. LBBW, a major German Landesbank, provides extensive debt financing for infrastructure projects, focusing on renewable energy. ABN AMRO, a Dutch bank, focuses on providing financing solutions for projects in the energy transition. Construction is slated to commence in July, with commercial operations anticipated in 2028, providing 200 MW of power for four hours or 100 MW for up to eight hours. This marks Zenobē's fourth large-scale project in Scotland to reach financial close in the last eighteen months, contributing to over £1bn invested in clean transport and power in the region.

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