Standard Chartered supports financing of large-scale battery storage portfolio in Germany

London, UK – 13 July 2026.  Standard Chartered today announced that it has acted as Mandated Lead Arranger for a senior secured project financing for the development and construction of a portfolio of utility‑scale battery energy storage system (BESS) projects in Germany.

The financing supports an approximately 790 MW portfolio of 11 grid‑scale battery storage assets, being developed by TotalEnergies Renewables Deutschland GmbH through its subsidiary Kyon Energy Solutions GmbH, alongside Allianz Global Investors as a 50% shareholder in the project holding company structure.

The portfolio is spread across Germany and includes assets that are already under construction alongside projects that are ready-to-build, with initial projects expected to reach commercial operation from 2026.

The transaction is underpinned by structured tolling arrangements, providing a high degree of contracted revenues and visibility over cash flows, which supports the long-term financing of the portfolio.

Battery storage is expected to play an increasingly important role in modern power systems, supporting the balance of supply and demand, helping to manage price volatility, and enhancing system flexibility as renewable generation grows. By enabling energy to be stored and used when needed, battery storage supports more efficient and reliable use of renewable power at scale.

Sherry Shi, Executive Director, Infrastructure and Development Finance Group, Europe, Standard Chartered, said: “This transaction demonstrates how structured project financing can support the scaling of battery storage infrastructure at a time when flexibility is becoming increasingly important to power systems. As renewable energy continues to grow, investments like these are key to ensuring power systems continue to strengthen with improved reliability, efficiency and the ability to operate at scale.”

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For further information please contact:

Julien Moity
Communications Director, Europe
Standard Chartered
julien.moity@sc.com

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