Royal Vopak Acquires 79% Stake in Green Energy Storage and Takes FID on 200 MW / 800 MWh BESS in Oosterhout, Netherlands

Royal Vopak has completed the acquisition of a 79% controlling stake in Green Energy Storage (GES) and taken a final investment decision on a 200 MW / 800 MWh battery energy storage project in Oosterhout, Netherlands, for a total investment of approximately €230 million. Construction is set to begin shortly, with commercial operations expected in H1 2028. Greenchoice will offtake 50% of capacity under an 8-year tolling agreement.

Transaction date: · Source: green-energystorage.nl

Key facts

Transaction date
Capacity
200 MW
Transaction price
230 million (currency as reported in the source)
Region
North Brabant
Location
Oosterhout, North Brabant, Netherlands
Continent
Europe
Development status
Under Construction
PPA
Yes

Technology details

200 MW / 800 MWh (4-hour duration) battery energy storage system, one of the largest BESS projects currently under development in the Netherlands. Connected to the high-voltage grid, designed to support grid balancing and ensure grid consistency. Construction commencing shortly, with commercial operations expected in H1 2028. Greenchoice will acquire 50% of capacity under an 8-year tolling agreement.

Power purchase agreement (PPA)

Greenchoice will acquire 50% of the 200 MW / 800 MWh capacity under an 8-year tolling agreement.

Additional information

Total investment of approximately €230 million covering both the GES acquisition and the 200 MW / 800 MWh project. As of 1 July 2026, Vopak holds a 79% controlling stake in GES; terms agreed for acquisition of the remaining 21% within two years. GES is fully consolidated into Vopak's financial statements from 1 July 2026. Transaction follows a memorandum of understanding announced on 7 May 2026. Vopak acquires GES as a development platform, project pipeline and asset management platform. Greenchoice has agreed to a tolling contract for 50% of capacity under an 8-year agreement.

Source

Original announcement: https://green-energystorage.nl/de/aktuelle-Ereignisse-a/vopak-bereikt-overeenstemming-met-green-energy-storage-ges-over-meerderheidsbelang-in-ges-om-grootschalige-batterijopslag-in-nederland-te-versnellen-2/

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