S4 Energy Enters Germany with Agreement to Acquire a 310 MW Battery Energy Storage Portfolio from Terra One - Batteries News

S4 Energy Enters Germany with Agreement to Acquire a 310 MW Battery Energy Storage Portfolio from Terra One

LONDON, Nov. 12, 2024 /PRNewswire/ — Castleton Commodities International LLC (CCI) announced today that a subsidiary, S4 Energy BV, has signed an agreement with Terra One Climate Solutions GmbH, a prominent German battery developer, to acquire a 310 MW portfolio of battery energy storage system (BESS) projects in Germany.

S4 Energy will build, own and operate the BESS assets. This acquisition marks S4 Energy’s entry into the German market and reinforces CCI’s commitment to advancing its BESS platform’s proven capabilities across key markets in Europe.

The portfolio consists of a combination of shovel-ready and advanced projects, with expected operational dates between 2026 and 2028. The BESS assets are strategically positioned to support Germany’s renewable targets, enhancing network stability and providing the flexibility required for a sustainable power grid.

Mohit Singh, principal in CCI’s European Principal Investments team, said :

This transaction demonstrates our conviction in the sector and belief in the vital role that battery energy storage plays in delivering Germany’s decarbonization goals,

READ the latest Batteries News shaping the battery market

S4 Energy Enters Germany with Agreement to Acquire a 310 MW Battery Energy Storage Portfolio from Terra One, source