Project Finance Brief: Kyon Energy Sells 194.7 MW Storage Projects

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December 13, 2023

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Kyon Energy, a large-scale energy storage project developer, sold four projects in Germany with a cumulative capacity of 194.7 MW to Obton, a Danish solar photovoltaic systems operator. The latest sale includes Europe’s largest battery storage facility in Alfeld, Lower Saxony (137.5 MW/275 MWh), marking the third project that Kyon Energy has transferred to the Danish investor this year. The company had previously sold Saxony-Anhalt (15.8 MW/35 MWh) and Karstädt, Brandenburg (20.7 MW/41.4 MWh) to Obton. The fourth energy storage project with 20.7 MW capacity is expected to be delivered to Obton by the end of 2023.

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