NIB finances battery storage addition to solar park in Denmark
· The Nordic Investment Bank (NIB) has signed a 11-year, EUR 21.5 million loan with Solar Park Kvosted. · The investment will co-finance the construction and operation of a 50MW/200MWh battery energy storage system (BESS) at Solar Park Kvosted in Denmark. · The project, in Viborg Municipality in Central Jutland, is owned by European Energy A/S and is supported by the InvestEU programme. The loan will enable Solar Park Kvosted ApS to transform its existing 100 MWp solar PV park into a hybrid facility by adding a large-scale battery system, making it one of the largest of its