# Renewable energy and battery storage project financing

> Live situation record from CLSTR: https://clstr.news/situations/renewable-energy-and-battery-storage-project-financing
> Updated: 2026-08-11T11:58:09.000Z. Sources: 4. Developments: 2.

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.

## Timeline

### 2026-08-11: 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 sources. https://clstr.news/cluster/european-energy-secures-581-million-for-uk-solar-and-battery-project

### 2026-08-05: 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.

2 sources. https://clstr.news/cluster/santander-uk-and-deutsche-bank-fund-battery-storage-projects-in-the-uk-and-australia

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Cite as: Renewable energy and battery storage project financing. CLSTR, https://clstr.news/situations/renewable-energy-and-battery-storage-project-financing