European Energy closes financing for 40 MW / 80 MWh Mokoan battery

European Energy will install a 40 MW / 80 MWh AC-coupled battery energy storage system at the Mokoan Solar Farm in Victoria, Australia. ESS News reports that Deutsche Bank is supporting the financing, moving the project into the delivery phase. The deal matters because it demonstrates how lenders are backing storage additions to solar farms as Australia’s grid needs more flexible renewable capacity.