Enery obtains DSK Bank funding for 600MWh BESS in Bulgaria

Core Insights - Enery has secured a green financing package from DSK Bank for its battery energy storage system (BESS) project in Nova Zagora, Bulgaria, marking a significant step in the country's transition to a renewable-powered energy system [1][2] - The BESS facility will have a capacity of 150MW/600MWh and is expected to be commissioned by March 2026 [1] - The project has established a long-term virtual power purchase agreement with Vitol, enhancing revenue stability and bankability [2][3] Financing and Partnerships - DSK Bank emphasizes the importance of battery storage for renewable energy integration and supports projects that combine risk management with sustainability [2] - Vitol aims to partner with Enery on multiple projects, leveraging its experience in developing BESS across various regions [4] - The project will include its own substation and connect to a new 33kV/110kV substation as part of the national transmission grid [4] Strategic Impact - The BESS project is expected to serve as a scalable model for next-generation energy storage solutions in southeast Europe [5] - Enery's chief commercial officer highlights the role of innovative financial instruments and optimization services in making storage projects bankable [5] - Enery manages a diversified portfolio with a total installed capacity of 566MW, producing 766GWh of clean electricity [6]