The facility supports European Energy's strategy of developing hybrid assets that pair generation with storage to improve grid utilisation, operational flexibility and long-term investment appeal. "Hybrid projects are becoming an increasingly important part of the renewable energy market," said Jens Peter Zink, Deputy CEO at European Energy. "By integrating battery storage with solar generation, we are creating more resilient and flexible energy assets while strengthening their long-term investment profile."
UK – Immingham battery secures financing, decade-long revenue floor
Indian Queens is backed by a corporate PPA for the solar output and a Capacity Market Contract for the battery system, a structure increasingly favoured in the UK market for its combination of contracted revenues and operational flexibility. "We are pleased to support European Energy with the financing of Indian Queens, reflecting Danske Bank's commitment to the renewable energy market," said Jakob Hjørngaard, Senior Banker at Danske Bank, Large Corporate Banking Denmark. "The transaction also underlines our ambition to support our Nordic clients as they expand beyond Scandinavia." (hcn)
