Japan’s Nippon Koei Co. subsidiary, Nippon Koei Energy Europe, and Germany’s Aquila Capital have reached financial close on a 25-megawatt grid-scale battery-energy-storage system (BESS) located in Belgium. The project will be based on the site of a former 800-megawatt coal-fired power plant.
Nippon Koei Co, lead developer of the project, and Aquila will jointly finance the procurement, final development and operation of the BESS. YUSO BV, which had initiated the project in 2018 and worked alongside Nippon Koei as co-developer, has been appointed optimizer for the BESS for 10 years.
The project is expected to be completed in fourth quarter 2022, and will be the largest connected to the Belgian high-voltage grid.
