TINC, the infrastructure investor listed on Euronext Brussels, has announced a €61 million investment in Project Mufasa, one of the largest battery energy storage systems (BESS) in the EU. Located at North Sea Port Vlissingen, a major renewable energy hub in the Netherlands, the project will replace a former coal-fired power plant and contribute significantly to the Dutch transition to renewable energy.
Scheduled to become operational in H1 2027, Project Mufasa will have a power capacity of 350 MW and store up to 1,400 MWh of energy. This will be sufficient to power over 200,000 households and is set to become the largest BESS in the Netherlands, helping stabilize the national grid.
TINC's investment, a 36.67% preferred equity interest, is part of the company's €200 million revolving credit facility. The total project cost is €350 million, financed entirely through non-recourse project financing. TINC joins partners Macquarie and Lion Storage, the Dutch developer, along with Eneco, who will operate the project.
"We are proud to support the Dutch energy transition with this landmark investment," said Stéphanie Dobbelaere, Executive Director at TINC. The project is a critical step toward strengthening the Netherlands’ energy infrastructure and ensuring a sustainable energy future.
Project Mufasa is set to redefine energy storage in Europe, supporting grid stability and reducing energy costs, while playing a key role in the region's renewable energy strategy.
Project Timeline:
Expected operational date: H1 2027
Capacity: 350 MW / 1,400 MWh
TINC's investment: €61 million (36.67% equity)
The results for TINC's fiscal year 2024 will be published on March 12, 2025.
Comentarios