Energy Storage News•about 14 hours ago
BESS financing benefitting from other clean energy segment struggles, US uncertainty, Fidra CEO says
Key Takeaway
Developers and IPPs should note the current favorable financing environment for large-scale BESS projects, partly driven by perceived stability compared to other clean energy sectors facing US policy uncertainties.
AI Summary
- •BESS financing is currently robust, benefiting from struggles in other clean energy segments and policy uncertainty in the US market.
- •Fidra Energy is developing the 1.4GW/3.1GWh Thorpe Marsh project in the UK, positioning it as one of Europe's largest BESS facilities.
- •The CEO's insights highlight a broader trend where investment capital is favoring BESS due to perceived stability and clearer financial pathways.
Topics
financingpolicystorage
Article Content
Owner-operator Fidra Energy came out of virtually nowhere to be building one of Europe's largest BESS in the UK, the 1.4GW/3.1GWh Thorpe Marsh project. We catch up with CEO Chris Elder, about its strategy and projects but also broader BESS and clean energy financing trends.