Return secures €835 million battery storage financing in Germany

Hogan Lovells Cadwalader has announced that it advised Return on a new €835 million portfolio financing for battery storage projects in Germany.

• The financing was underwritten by Deutsche Bank and Rabobank and is designed to support Return’s expansion of battery storage capacity and its Virtual Flexibility Portfolio.
• Three battery storage projects with a combined capacity of 117 MW are already under construction; Return plans to install at least 1 GW annually from 2027 onwards to meet demand for flexible energy capacity as wind and solar generation grows.