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March 06,2025

Nofar Energy secures $92.8Million for German BESS

Israeli developer Nofar Energy secures the financing of $92.8 million for the 104.5MW/209MWh Stendal BESS project in Germany. The Stendal project is backed by a seven-year fixed price flexibility purchase agreement. It is a such deal where the battery owners sell the operational rights to route to market provider over a certain number of years for a fixed fee per MWh.

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