The Anonymous Widower

Renewable Roundup: Big Banks Lining Up To Finance Big Batteries

The title of this post, is the same as that of this article on Red, Green and Blue.

This is the introductory paragraph.

We’ve reached a significant tipping point in how the battery storage market is financed, shifting from expensive private equity investments to ordinary bank finance. Which will be another factor leading to a terawatt of storage by 2040.

The article contains an impressive graph showing the growth of energy storage world-wide, broken down into China, United States and the Rest of the World, showing that by 2040, there’ll be that terawatt of storage.

There are also some stories of companies trying to get funding for battery projects in the United States, which enforce the message of the title.

But then, I wrote World’s Largest Wind Farm Attracts Huge Backing From Insurance Giant in 2018, where I said this.

Aviva will have a billion pounds invested in wind farms by the end of the year.

As ever, it looks like, it has taken longer for the penny to drop on the other side of the pond.

But at least it seems to have finally done so!



May 14, 2020 - Posted by | Energy Storage, Finance |

1 Comment »

  1. Goldman Sachs have just released a report saying they think investment in renewables will outstrip that in hydrocarbons from next year, because of rapidly falling cost of renewables.

    Comment by Peter Robins | June 18, 2020 | Reply

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