Energy Storage News•1 day ago
TotalEnergies’ possible German BESS divestment ‘mainly about recycling capital’
Key Takeaway
TotalEnergies' potential partial divestment of its German BESS portfolio underscores the growing maturity and financial viability of the European battery storage market, offering M&A opportunities and validating development strategies.
AI Summary
- •TotalEnergies is reportedly considering selling approximately 50% of its equity in a portfolio of German Battery Energy Storage System (BESS) projects, developed via Kyon Energy.
- •This potential divestment by a major energy player signals a strategic move to 'recycle capital,' indicating a maturing and active M&A market for BESS assets in Europe.
- •For developers, this highlights opportunities for acquiring operational or near-operational BESS assets and validates the financial viability of developing and monetizing storage projects.
- •Large power consumers should note the continued investment and financial activity in BESS, which contributes to grid modernization and potential for enhanced reliability and price stability.
Topics
storagem&afinancing