31 Oct '17, 9am

via @greentechmedia

via @greentechmedia

Powin Energy, the Oregon-based energy storage developer, is expecting to see an uptick in non-recourse financing following a landmark project this month. The company secured construction financing for an 8.8-megawatt/40.8-megawatt-hour battery plant in Stratford, Ontario, from Brookfield Renewable Partners, one of the largest independent renewable energy businesses in the world. "Securing non-recourse financing is a critical step for energy storage assets themselves, as well as the broader market," said Geoffrey Brown, Powin Energy president, in a press release . “We believe that closing a deal of this nature with a well-respected group like Brookfield is indicative of market maturation and Powin's future prospects." While the non-recourse funding model is commonplace in most renewable energy markets, the track record is more limited in energy storage. Only a handful of de...

Full article: https://www.greentechmedia.com/articles/read/energy-stora...

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