TotalEnergies secures $502m for 789MW battery projects in Germany

Shree Mishra

Tue, July 14, 2026 astatine 9:07 AM CDT 2 min read

TotalEnergies has secured astir €440m ($501.6m) successful indebtedness financing for a portfolio of 11 artillery vigor retention projects with a combined capableness of 789MW successful Germany.

Watson Farley & Williams (WFW), a London-based instrumentality firm, advised TotalEnergies connected the arrangement.

This portfolio forms portion of TotalEnergies' strategy to heighten captious vigor infrastructure successful the German market.

The financing has been arranged by a syndicate of 10 fiscal institutions.

The projects person been developed by Kyon Energy, a subsidiary of TotalEnergies that specialises successful large-scale artillery vigor retention systems (BESS). TotalEnergies maintains operational power implicit each assets.

Most of these projects volition usage artillery exertion supplied by Saft, a TotalEnergies subsidiary globally recognised for its expertise successful precocious artillery solutions.

This improvement follows TotalEnergies' strategical confederation with Allianz Global Investors (AllianzGI), formed done the merchantability of a 50% involvement successful the portfolio, a transaction connected which WFW besides advised.

With the completion of the financing, the transaction has been afloat executed.

The cross-border WFW Energy squad advising TotalEnergies was headed by task concern spouse Stefan Kilgus, with enactment from managing subordinate Marlene Kowerk and subordinate Helena Hopmann.

Kilgus said: "We are delighted to person advised TotalEnergies connected different cardinal milestone for this landmark artillery retention portfolio.

"Advising connected some the strategical concern with Allianz GI and the consequent financing demonstrates WFW's quality to supply seamless enactment crossed the afloat beingness rhythm of analyzable vigor infrastructure transactions.

"Battery retention volition play a captious relation successful strengthening Germany's energy strategy and enabling the continued enlargement of renewables energies."

In April this year, TotalEnergies made a last concern determination and secured financing for the 1GW Mirny project, an onshore upwind workplace with a 600MW-hour BESS successful south-east Kazakhstan.