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Projects
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4 FAQs about [Utility scale ESS 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 financed the Bess project?
The financing was arranged by KBC Bank and Wallonie Entreprendre. The latter announced separately that its own contribution stands at EUR 15 million (USD 15.4m). The BESS facility is being built on an industrial site next to an Elia high-voltage substation in Harmignies, part of the municipality of Mons in the Walloon region.
When will ESG be operational?
The site is expected to become operational by the autumn of 2025. Project partners include Spie, Yuso, Sweco and House of Projects. ESG is active in the field of solar energy, wind energy, rapid charging infrastructure and energy storage. In December, ESG wrapped up a EUR-60-million capital raise led by Alpha Renewable Energy Fund and by SFPIM.
How much money did ESG raise in December?
In December, ESG wrapped up a EUR-60-million capital raise led by Alpha Renewable Energy Fund and by SFPIM. Last year, the company raised a total of EUR 100 million to expand its energy production and storage capacity in the coming years across the Benelux region. Its current goal is to achieve 1.5 GW.