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
- Technology
- Battery Storage (BESS)
- Capacity
- 200 MW
- Transaction price
- 230 million (currency as reported in the source)
- Buyer
- Royal Vopak
- Country
- Netherlands
- 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/