Hybrid renewable and battery storage system projects have been proven bankable following the first non-recourse deal in 2018, and the deal pipeline is expected to grow. But stand-alone storage project financing remains a challenge as yet unanswered.
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The global backdrop to wind has been looking shaky of late. Project financing backing the Baltic Power project has just signed – but the rest of the first wave of Poland’s embryonic offshore wind sector is facing delays. The country originally promised as much as 28GW by 2050 but the chances of success now look mixed due to inflation and critical cost increases.
In an interview with Laurent Christophe, group treasurer at Trafigura, discussion focused on Ukraine, sustainability, and tapping into new sources of capital diversification. Some highlights from the interview and conference follow.