Energy Transition Today Estonia’s storage breakthrough, Hornsea’s mega deal & the Dutch auction flop
Nov 7, 2025
Explore Estonia's pioneering battery storage financing, showcasing lender confidence. Delve into Ørsted's Hornsea 3 project, fueled by a massive $6.5 billion investment, igniting hope for offshore wind. Discover Poland's ambitions with the Baltica 1 project and the challenges of their upcoming auction. Uncover why the Dutch offshore auction flopped, leaving developers scratching their heads. Lastly, learn about NextWind's €1.8 billion funding for a significant repowering initiative in Germany, emphasizing the vital link between grid access and project success.
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Standalone Storage Financing Breakthrough
- Lenders financed Estonia's 200MW/2h batteries solely on storage revenues, marking a first in the Baltics.
- This signals growing bank confidence in standalone storage revenue stacks.
High‑Voltage Grid Connection For Batteries
- Hertz1 links directly to Estonia's 330 kV transmission grid via underground cable for faster, higher-capacity response.
- That configuration supports grid stability as Estonia synchronizes with continental Europe.
Huge Equity Bet Revives Offshore Confidence
- Apollo buys 50% of Ørsted's 2.9GW Hornsea 3 for $6.5bn, backed by CFDs securing full capacity revenues.
- The deal restores institutional appetite for large UK offshore projects despite recent volatility.