TotalEnergies partners with AllianzGI to develop 800 MW of battery storage projects in Germany
France, March 3 -- As part of its growth in electricity in Germany, TotalEnergies has signed an agreement with Allianz Global Investors (AllianzGI) for the sale of a 50% stake in a portfolio of 11 battery storage projects with a total capacity of 789 MW - 1628 MWh. With this agreement, the partners will deliver an investment of €500 million in critical energy infrastructure for Germany, of which 70% will be financed by the debt.Nearly 800 MW of storage by 2028.These 11 projects, located across Germany, have been developed by Kyon Energy, a subsidiary of TotalEnergies, and will all be operational by 2028. Most of them will use next?generation batteries supplied by Saft, a subsidiary of TotalEnergies and a global leader in high?tech bat...
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