Lenders now actively financing merchant BESS projects in Germany

energy-storage.news May 19, 2026

Lenders now actively financing merchant BESS projects in Germany

Curated by Shubham · TechCapsules · May 19, 2026

AI-summarised brief · reviewed before publication

Lenders in Germany are now actively financing merchant battery energy storage system (BESS) projects without contracted revenues, with the merchant risk priced into the financing structures. This shift is a significant development in the German energy storage market, which has grown from under 1GW to over 2GW in the last three years. Aquila Clean Energy EMEA's deputy head of investment management, Grace Kankindi, attributes this growth to the market's institutionalization and the increasing acceptance of merchant revenue by lenders. Two of the company's 50MW/100MWh BESS projects are currently under construction in Germany.

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