US EditionMacquarie’s Eku secures $A300m in funding for battery storage projects
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Eku Energy secures £145 million in funding for new battery storage projects
Eku Energy has secured more than £45 million in debt financing from NatWest Bank and Sumitomo Mitsui Banking Corporation (SMBC) to construct a new 99MW/198MWh Battery Energy Storage System (BESS) located at Ocker Hill, between the towns of Dudley and Wednesbury in the West Midlands. In addition to the asset specific financing, SMBC and NatWest have provided an uncommitted accordion facility of £100 million to support funding of Eku Energy’s near…
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