Eurowind Sells 400-MW California Battery Project

• Eurowind Energy sells a 400-MW California battery project to redirect capital toward fast-growing European markets and hybrid renewable-storage developments.

Eurowind Energy has announced the sale of a 400-MW standalone battery energy storage project in California, a move that highlights the company’s strategic shift toward strengthening its development pipeline across Europe. The sale provides Eurowind with additional liquidity at a time when European markets—especially Germany, Poland, Romania, and the Nordics—are seeing accelerating demand for large-scale renewable-storage solutions.

The California project sits in one of the world’s most active energy-storage markets, driven by the state’s push to support its high solar penetration and to replace fossil-fuel peaker plants. Standalone BESS assets in California have become increasingly valuable due to lucrative revenue streams tied to grid stability services and peak-demand coverage. By divesting now, Eurowind secures capital while market conditions remain favorable.

For Eurowind, the decision is part of a broader restructuring of how and where it deploys investment. The company has traditionally focused on wind but is now evolving into a developer of hybrid systems that combine wind, solar, and storage. Europe’s grid decarbonization wave is creating opportunities for exactly these types of integrated projects, and Eurowind wants to prioritize regions where long-term structural growth looks strongest.

The sale also reflects a growing trend of European developers recalibrating their overseas portfolios to align with local funding mechanisms, market maturity, and policy certainty. While the U.S. storage market remains highly attractive, European policy reforms—such as clearer storage frameworks and expanding capacity markets—are drawing developers’ attention back home.

Eurowind says it remains committed to exploring selective opportunities outside Europe but will focus its next growth phase on scaling hybrid and storage-backed assets in its core markets.