utility scale ESS project financing options in Belgium 2026

Is ESG financing a battery energy storage system in Belgium?

Energy Solutions Group (ESG) announced today that it has completed project financing for a 75-MW/300-MWh battery energy storage system (BESS) under construction in Belgium. The Megapack battery system. Source: Tesla Inc The financing was arranged by KBC Bank and Wallonie Entreprendre.

Is ESG financing a Bess project?

In concurrent news, independent power producer (IPP) Energy Solutions Group (ESG) has completed financing and launched construction on its first large-scale BESS project in Harmignies, in the Wallonia region of Belgium. The news was announed by law firm Loyens & Loeff, which advised ESG on the financing.

Is ESG a diversified platform for the energy transition in Belgium?

As a frontrunner in the energy transition, Energy Solutions Group, supported by its shareholders Patronale Life, Alpha and SFPIM, is committed to further investing in the energy transition in Belgium. Battery storage is an important part of ESG's strategy to become a diversified platform for the sustainable energy transition.

Who financed the Bess project?

The financing was arranged by KBC Bank and Wallonie Entreprendre. The latter announced separately that its own contribution stands at EUR 15 million (USD 15.4m). The BESS facility is being built on an industrial site next to an Elia high-voltage substation in Harmignies, part of the municipality of Mons in the Walloon region.

Who financed ESG?

The news was announed by law firm Loyens & Loeff, which advised ESG on the financing. A senior loan for the financing was provided by KBC Bank while the junior loan was provided by economic development institution Wallonie Entreprendre.

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