Axpo, the largest producer of renewable energy in Switzerland, has taken the necessary steps to ask the Romanian Government to authorize the investment through which it wants to develop at the “ready to build” stage energy storage facilities using batteries with a total installed capacity estimated at 300 MW, according to a decision of the shareholders.
The shareholders estimate that the storage projects will need a budget of around 25 million euros. Financing would be secured within the Axpo group, capital increases and external sources – European financing programs, and financing granted by banking institutions.
The energy storage projects will be developed in the period 2024 – 2029.
