- 194.7 megawatts of the 600 megawatt framework agreement between Kyon Energy and Obton has already been fulfilled in the first year of cooperation
- Europe's largest storage project in Alfeld, Lower Saxony (137.5 MW/275 MWh) sold to Obton
Munich and Aarhus (Denmark), December 04, 2023. Kyon Energy, one of the leading project developers for large battery storage systems in Germany, sold storage projects with a total storage capacity of 194.7 megawatts to Obton, the leading Danish operator of solar PV systems.
Following the successful transactions of two storage projects in Tangermünde, Saxony-Anhalt (15.8 MW/35 MWh) and Karstädt, Brandenburg (20.7 MW/41.4 MWh), the recent sale of Europe's largest battery storage system in Alfeld, Lower Saxony (137.5 MW/275 MWh) marks the third project that Kyon Energy has transferred to the Danish investor this year. A fourth project with a storage capacity of 20.7 MW is to be brought in by the end of 2023.
The sales are part of a comprehensive framework agreement between Kyon Energy and Obton, which was concluded in spring 2023. In just the first year of the contract, a third was successfully brought in with almost 200 megawatts of storage capacity. The cooperation between the two companies will extend over a period of three years, during which a total of 600 MW of storage capacity will be integrated into the German power grid — an investment in energy infrastructure that amounts to a high three-digit million sum.
The 600 MW that will be built up under the contract represent a significant contribution to the German energy revolution and will account for half of the total storage capacity currently installed in Germany, which is currently 1.2 gigawatts. Construction of all four new storage projects, including the latest sale in Alfeld, is planned to start in the coming year.
“Battery storage systems make a significant contribution to building a resilient energy infrastructure based on renewable energies and thus to achieving energy and climate goals. The fact that we were able to contribute 200 MW to the framework agreement in the first year is a major milestone and reflects our commitment to driving forward the energy revolution in Germany,” says Florian Antwerpen, Managing Director of Kyon Energy.
“We are very proud that what we wanted to achieve together with the framework agreement is already bearing fruit. 200 MW of battery storage projects that are ready for construction and will be delivered to our BESS funds in 2023. The four projects will give the German energy system much-needed flexibility,” says Torsten Lauritsen, head of energy storage at Obton.
Kyon Energy takes on the entire project planning of battery storage projects, including site development and grid connection planning, building rights development, and layout design. The parties will jointly handle the development of the business model and general contractor up to the turnkey start-up of the battery storage systems. Obton also contributes the financing of the projects and the operation of the completed battery storage systems to the partnership.
About Obton
Obton is a leading operator in the development and acquisition of solar PV systems — primarily in Europe, but also in Asia, Australia and Canada. The company has been active in the solar energy sector since 2009 and is actively operating more than 1,500 PV systems in twelve countries. Obton offers opportunities to invest in large solar and battery storage funds and currently manages around 3.5 billion euros on behalf of more than 4,500 Danish investors.
About Kyon Energy
Kyon Energy is a German project development company that focuses on large battery storage systems. With 121 MW of battery storage systems successfully developed and sold with partners in 2022, a further 468 MW of ready-to-build storage projects and a current project pipeline of over 7 GW, Kyon Energy is one of the market leaders in Germany. The company has a particular focus on the development and optimization of multi-use strategies, combined with deep expertise in project development and management as well as the regulation of large battery storage systems. Through its battery storage systems, Kyon Energy is a driver of the energy revolution and strives for a world powered by renewable, sustainable and independent energy.
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