Prime Capital has acquired the 135MW four-hour Project Monet battery storage scheme in Saxony-Anhalt from Zelos Energy Developments.
The asset was purchased on behalf of the Prime Green Energy Infrastructure Fund 2 and has secured all key permits, with construction due to start in early 2026, according to the companies.
Zelos stated that the project has been developed in line with environmental requirements and in coordination with the local community.
Prime Capital said the acquisition expands its German battery storage portfolio and supports the growth of flexible capacity needed for grid stability and renewable integration.
Jens Walzner, managing director at Prime Capital, said: “This investment in Project Monet underscores our strong conviction in the critical role large-scale storage plays in the country’s energy transition.”
He added: “We are very pleased to partner with Zelos and to combine our expertise to deliver a landmark asset that will meaningfully enhance grid resilience and flexibility.”
Timo Juritsch, managing director at Zelos Energy Developments, said: “With the sale of BESS Project Monet, Zelos Energy Developments reaches another market-relevant milestone in contributing to a sustainable and responsible energy system in Germany.”
He added: “We thank Prime Capital for a highly professional and partnership-driven transaction process and will continue to actively support the project’s realization.”