TagEnergy Funds UK's 100MW BESS Project

• TagEnergy secures £70m debt package to finance 100MW battery energy storage system project in North Yorkshire. Tesla, Habitat Energy and RES to support construction of completed facility by mid 2024. CEO Franck Woitiez says innovative financing offers value and accelerating energy transition.

TagEnergy has secured a debt package to finance its 100MW battery energy storage system (BESS) project in North Yorkshire, England. The package of up to £70m was provided by lenders Santander, Rabobank, and Triple Point on a fully merchant basis. The project will be supported by Tesla as EPC contractor, Habitat Energy as route to market and battery optimiser, and RES as asset manager. Construction of the facility will commence in August 2023 and be completed by mid 2024. TagEnergy CEO Franck Woitiez says the innovative financing offers value to the market and they are looking forward to accelerating the energy transition.

Have Santander, Rabobank, & Triple Point Financed TagEnergy's BESS Project?

• Santander, Rabobank, and Triple Point have provided a debt package of up to £70m to finance TagEnergy's 100MW battery energy storage system (BESS) project in North Yorkshire, England.
• The project will be supported by Tesla as EPC contractor, Habitat Energy as route to market and battery optimiser, and RES as asset manager.
• Construction of the facility will commence in August 2023 and be completed by mid 2024.
• TagEnergy CEO Franck Woitiez has stated that the debt financing offers value to the market and the company is eager to accelerate the energy transition.