By ESS news
Finance took center stage at BBDF during a lively session discussing the range of financing options available for BESS projects.
Mark van Zon, senior director at ABN AMRO, opened the session by introducing a wide range of financial concepts, such as floor contracts, gearing, mini-perm loans, balloon management and aspects such as cash sweep mechanisms.
Panelists included banks, buyers and developers who delved into the details, while industry experts shared first-hand experiences of European BESS financing. Mikko Preuss, chief commercial officer at Terralayr, represented developers, alongside bankers Marcus Starke, director of energy production at NORD/LB, and Mark van Zon. Nils van Afferden, asset originator, flexibility and batteries at RWE, also took the stage to share the buyer’s perspective.
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