GIGA Storage, a European operator of large-scale energy storage projects and a portfolio company of InfraVia Capital Partners, has secured financing for its Green Turtle energy storage project in Belgium.
Green Turtle is being built at the Rotem industrial estate in Dilsen-Stokkem, Belgium, at a strategic location at the junction of the Netherlands, Germany and Belgium. With a capacity of 700 megawatts and a storage capacity of 2,800 megawatt-hours, at peak moments, the energy storage system can supply electricity equivalent to the daily consumption of approximately 385,000 households.
A consortium of 10 international banks is jointly financing the realization of the project, providing €450 million ($514 million) in debt financing. The consortium included ABN AMRO, ING, Rabobank, Triodos Bank, Triodos Investment Management, asr, Belfius, HCOB, Santander and SMBC. The remaining portion of the required financing is being contributed as equity by InfraVia Capital Partne
