Energy Storage News•3 days ago
Baltic Storage Platform secures finance for Estonia BESS, Lithuanian scheme oversubscribed
Key Takeaway
The Baltic region is rapidly accelerating BESS deployment with strong policy support and high developer interest, creating significant opportunities for storage developers and enhancing grid stability for large consumers.
AI Summary
- •Financing has been secured for two large-scale Battery Energy Storage System (BESS) projects in Estonia, indicating active development in the Baltic region.
- •Lithuania's capital expenditure support scheme for BESS projects was oversubscribed by 2x, demonstrating robust market demand and developer interest.
- •The strong oversubscription for the Lithuanian scheme highlights a competitive yet attractive market for BESS development, driven by supportive policy frameworks.
Topics
storagefinancingpolicycapacity-market