Hamburg Commercial Bank (HCOB) is providing financing to Juniz Energy for the construction and operation of three battery energy storage systems (BESS) in Germany with a combined capacity of around 100MWh.
HCOB acted as lender, agent, account bank, and hedging bank for the transaction.
Bavarian-based Juniz Energy, an EQT portfolio company, develops and operates large-scale battery systems covering the full value chain from planning and construction to commissioning and management.
Hans Lotzer, head of project finance at HCOB, said the bank was pleased to support Juniz Energy in a rapidly growing market.
“With its large-scale battery storage systems, the company is contributing to grid stability and decarbonisation in Germany’s growing electricity market,” he said.
Executive director Marco Schweer added that welcoming Juniz Energy as a new client demonstrated HCOB’s expertise in structuring and arranging comprehensive one-stop financing packages.
Markus Binding, CFO at Juniz Energy, said: “This financing is an important step in realising our pipeline of battery projects in Germany. We see great growth opportunities in the coming years, which we want to seize together with our partners.”
He added that flexible, attractive financing solutions were a key value driver for the company and thanked HCOB’s team for their cooperation.