en.Wedoany.com Reported - Eco Stor has completed financial close for a 300 MW/718 MWh battery storage project in Förderstedt, Germany, making it the largest battery energy storage system in Germany to date to achieve financing and planned implementation, with debt provided by Banco Santander and NORD/LB.

Located in Förderstedt, Saxony-Anhalt, the project is approximately three times the capacity of Eco Stor's existing Bollingstedt facility, which is currently the largest operational battery storage system in Germany. The project is scheduled to commence operations in 2027. Eco Stor is backed by renewable energy developer X-Elio and investment firm Nature Infrastructure Capital.

Eco Stor has signed a long-term flexibility tolling agreement with Next Kraftwerke, one of Europe's largest virtual power plant operators.

Eco Stor Chief Financial Officer Jörn Rohland stated that the financing does not rely on public subsidies and demonstrates the market's growing ability to fund critical energy storage infrastructure through private investment and commercial debt. He noted that large-scale projects like Förderstedt provide essential infrastructure to support grid stability, renewable energy integration, and supply security.

Clifford Chance advised the lenders, while Hogan Lovells advised Eco Stor.

Eco Stor announced plans for the Förderstedt facility in 2024. The company's existing Bollingstedt project was also developed without public subsidies, positioning Eco Stor as Germany's leading independent battery storage developer prior to the Förderstedt project.

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