Ready-to-Build BESS Project Acquisition in Germany

Written By Erwin Spolders

Client: A leading global Independent Power Producer (IPP) headquartered in Asia, targeting expansion into the German energy storage market.

Client Situation: The client is building a portfolio in Germany by acquiring Ready-to-Build (RTB) BESS projects

Client Challenge: Given the expectation of reduced BESS revenues, the client aimed to move very quickly in acquiring projects, despite the crowded market.

FlexUp Solution/Work Done: FlexUp provided end-to-end M&A support to get project fast:

  • Deal Sourcing: Leveraged our long-standing personal relationships to identify and gain access to off-market RTB BESS opportunities in Germany.

  • Evaluation: Supported technical, commercial, and legal due diligence, using our market experience.

  • Closing Support: Accelerated signing to outpace competitors in the fast-moving German BESS M&A landscape.

Outcome:

  • Successful Acquisition: Signed the acquisition of a 12 MW / 24 MWh RTB BESS project in Germany, enabling the client to enter the market with a shovel-ready asset.

Erwin Spolders
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