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2 clusters · 4 sources · 6 days · First seen · Last updated

Renewable energy and battery storage project financing

Overview

Financial institutions are providing significant funding for battery energy storage systems (BESS) and hybrid renewable energy projects in the United Kingdom and Australia.

In early August 2026, Santander UK provided a senior debt facility to bring the 60 MW/120 MWh Inchbean farm battery project in East Ayrshire, Scotland, to financial close. Simultaneously, Deutsche Bank committed $60 million toward the third stage of the Supernode battery storage project in Queensland, Australia, as part of a larger $331 million financing package designed to support renewable integration and grid stability.

By mid-August 2026, European Energy secured £58.1 million from Danske Bank for the Indian Queens hybrid project in Cornwall, UK. This project combines a 68 MW solar park with a 47.5 MW/95 MWh battery storage system to improve infrastructure efficiency through a shared grid connection.

Entities

Santander UK · European Energy · Quinbrook · Indian Queens · East Ayrshire

Timeline

  1. about 17 hours ago

    [BUSINESS] 2 sources
    European Energy secures £58.1 million for UK solar and battery project

    European Energy secured £58.1 million from Danske Bank to fund its Indian Queens hybrid solar and battery storage project in Cornwall, UK, with operations expected to begin in 2027.

  2. 7 days ago

    [BUSINESS] 2 sources
    Santander UK and Deutsche Bank fund battery storage projects in the UK and Australia

    Santander UK finances a 60 MW battery storage project in Scotland; Deutsche Bank backs a $60 M stage of Queensland’s Supernode battery project, expanding grid flexibility.

Sources

energyglobal.com · esgnews.com · mercomindia.com · solarpowerportal.co.uk