Energy Storage News•about 23 hours ago
TotalEnergies’ possible German BESS divestment ‘mainly about recycling capital’
- •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.
m&a