European Energy Closes Financing for 40MW Battery at Mokoan Solar Farm in Victoria, Backed by CIS

Published: Jul 31, 2026 22:45

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European Energy has reached financial close on the 40 MW / 80 MWh co-located battery storage system at the Mokoan Hybrid Solar Farm in Victoria, with non-recourse financing provided by Deutsche Bank. The project was selected under Australia’s Capacity Investment Scheme (CIS), reflecting federal government backing for bankable renewable-plus-storage projects. Financial close on a non-recourse basis demonstrates the improving bankability of merchant-exposed or partially contracted BESS assets in the Australian market. The Mokoan project will provide dispatchable capacity to the Victorian grid, which faces growing evening peak demand and coal retirement timelines. This transaction adds to the growing evidence that Australian BESS projects are achieving investment-grade financing structures.

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