TotalEnergies Advances 789MW Battery Storage Project Portfolio in Germany

en.Wedoany.com Reported - TotalEnergies has secured €440 million (approximately $502 million) in debt financing for 11 battery storage projects in Germany, with a total portfolio capacity of 789MW/1628MWh.

These projects are developed by Kyon Energy, a subsidiary of TotalEnergies acquired in 2024, which is one of the most active battery energy storage system developers in Germany. In March 2026, TotalEnergies reached a deal with Allianz Global Investors to sell a 50% stake in the 11 projects to Allianz, with both parties jointly investing approximately €500 million, of which about 70% is financed through debt. TotalEnergies will continue to serve as the asset operator, retaining control over daily management. All projects are scheduled to be operational by 2028, with battery systems primarily supplied by Saft, a system integrator under TotalEnergies.

Benedikt Deuchert, Head of Business Development and Regulatory Affairs at Kyon, stated: "The financing landscape for BESS projects in Germany is undergoing a significant transformation, as projects have reached a bankability level that attracts large infrastructure investors and major international financial institutions." This development is crucial because the scale of required investment has grown substantially, shifting from projects that could previously be financed by smaller specialized players with budgets of hundreds of millions of euros to a market that now requires mobilizing billions of euros to support large-scale expansion. At the same time, this evolution is closely linked to the maturation of revenue structures and risk allocation mechanisms.