Energy Storage News•14 days ago
Boralex, Six Nations of the Grand River secure US$145 million financing for 500MWh Ontario BESS
- •Boralex and Six Nations of the Grand River Development Corporation secured CA$202 million (US$145.12 million) financing for a 125MW/500MWh battery energy storage system (BESS) in Oxford County, Ontario.
- •This significant financing milestone for a large-scale BESS project highlights the growing market for energy storage and the availability of capital for such ventures in Ontario.
- •For developers, this project demonstrates successful IPP-Indigenous community partnerships and the viability of substantial BESS investments, signaling opportunities in grid modernization and capacity markets.
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