KGAL ESPF 5 Acquires 17.3 MW / 48.8 MWh BESS Project in Grevesmühlen, Mecklenburg-Vorpommern from Fenecon
KGAL's renewable energy fund ESPF 5 has acquired a 17.3 MW / 48.8 MWh standalone battery energy storage system (BESS) in Grevesmühlen, Mecklenburg-Vorpommern, Germany from Fenecon. The nearly completed project is located adjacent to a substation and is expected to be commissioned in mid-2026. Fenecon will continue to develop the project to completion and will operate it thereafter.
Transaction date: · Source: immobilienmanager.de
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 17 MW
- Transaction price
- Not disclosed
- Buyer
- KGAL
- Seller
- Fenecon
- Country
- Germany
- Region
- Mecklenburg-Vorpommern
- Location
- Grevesmühlen, Mecklenburg-Vorpommern, Germany
- Continent
- Europe
- Development status
- Under Construction
- PPA
- n.a.
Technology details
17.3 MW / 48.8 MWh standalone battery energy storage system (BESS), located in close proximity to a substation. Project is nearly complete, with commissioning planned for mid-2026. The system will be used for short-term energy storage and dispatch to balance Day-Ahead and Intraday price fluctuations, and will also provide balancing energy (Regelenergie) to stabilise the grid.
Additional information
Fenecon is the seller and will remain as development partner until completion and as operator post-commissioning. Investment made through KGAL ESPF 5, an Article 9 SFDR fund, which now holds 20 assets diversified across regions, technologies, development stages and offtake structures.
Source
Original announcement: https://www.immobilienmanager.de/kgal-investiert-in-batteriespeicherprojekt-09042026