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					</table><p>Swiss energy company <a href="https://www.alpiq.com/" target="_blank" rel="noopener">Alpiq</a> has agreed to acquire a 90% stake in <a href="https://harmonyenergy.co.uk/" target="_blank" rel="noopener">Harmony Energy</a>, a developer and operator of grid-scale battery energy storage projects across Europe.</p>
<p>The acquisition will expand Alpiq’s battery storage portfolio and provide access to Harmony Energy’s project development, construction, operations, and asset management capabilities. The companies did not disclose the financial terms or expected completion date.</p>
<p>Post the transaction’s completion, Harmony Energy will continue operating independently under its existing brand. It will retain its employees, organizational structure, and operating model.</p>
<p>Harmony Energy has a multi-gigawatt pipeline of battery storage projects across the U.K., Germany, France, and Poland. The acquisition will add approximately 400 MW of projects under construction to Alpiq’s European battery storage portfolio. The assets include a project in the U.K. that is expected to connect to the grid as early as the third quarter of 2026.</p>
<p>“Partnering with Alpiq marks an exciting new chapter for Harmony Energy. With Alpiq’s financial strength, market expertise and pan-European footprint, we are well positioned to scale our project pipeline while ensuring continuity for our team and partners,” Peter Kavanagh, co-founder and CEO of Harmony Energy.<br />
Alpiq said the transaction supports its strategy to expand its flexible energy assets and commercial capabilities as European power systems integrate more renewable energy. Battery storage systems absorb electricity when supply exceeds demand and discharge it when additional power is needed.</p>
<p>Alpiq had earlier acquired two battery storage projects from Harmony Energy, including the 100 MW Cheviré project in France.</p>
<p>Harmony Energy has delivered 18 grid-scale battery storage projects with a combined power capacity of more than 700 MW. The company has capabilities in project development, construction, and operating asset management.</p>
<p>Harmony Energy may also continue selling selected projects or operating assets to third-party investors, a model it has used for some projects.</p>
<p>Alpiq said the projects under construction and Harmony Energy’s development pipeline would support its plans to build and operate a multi-gigawatt battery storage portfolio in Europe.</p>
<p>According to Mercom’s Q1 2026 Funding and M&amp;A for Energy Storage <a href="https://mercomcapital.com/product/q1-2026-funding-ma-report-energy-storage/" target="_blank" rel="noopener">report</a>, corporate M&amp;A activity increased, with seven companies acquired in the first quarter of 2026 compared to only one in Q1 2025.</p>
<p>In July 2026, Royal Vopak, a company that owns and operates infrastructure for the storage and handling of liquids and gases, <a href="https://mercomcapital.com/royal-vopak-acquires-majority-stake-in-green-energy-storage/" target="_blank" rel="noopener">acquired</a> a 79% stake in Green Energy Storage and took a final investment decision for a 200 MW/800 MWh battery energy storage project in Oosterhout, The Netherlands.</p>



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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-cee-group-solar-project-germany/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>CEE Group, a Hamburg-based renewable energy asset management firm, </strong><a href="https://mercomcapital.com/cee-group-acquires-102-mw-solar-project-in-germany/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of the 102 MW Klüden solar project</strong> in the Börde district in Saxony-Anhalt, Germany  from Sunovis, a Germany-based solar project developer. The construction of the solar project already began in September 2024, with commercial operation expected in April 2025.</p>
<p><strong>Gulf Renewable Energy, a subsidiary of Gulf Energy Development Public Company, </strong><a href="https://mercomcapital.com/gulf-renewable-energy-secures-820-million-loan-for-solar-and-storage-projects/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the closing of a $820 million loan</strong> to support the construction of a portfolio of 12 renewable energy projects across Thailand. The portfolio includes eight ground-mounted solar projects totaling 393 MW and four ground-mounted solar projects with battery energy storage systems totaling 256 MW and 396 MWh of energy storage.</p>
<p><strong>Spruce Power, an owner and operator of distributed residential solar systems, </strong><a href="https://mercomcapital.com/spruce-power-acquires-residential-solar-portfolio-in-new-jersey/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of a residential solar portfolio</strong> from NJR Clean Energy Ventures (CEV), a subsidiary of New Jersey Resources for $132.5 million. The acquired portfolio, known as Spruce Power 5 Portfolio, includes approximately 9,800 solar systems in New Jersey, which were installed under a CEV residential solar program between 2010 and 2024.</p>
<p><strong>Alpiq, a Switzerland-based electricity producer, announced the </strong><a href="https://mercomcapital.com/alpiq-acquires-100-mw-200-mwh-battery-storage-project-in-france/" target="_blank" rel="noopener"><strong>acquisition</strong></a><strong> of the 100 MW/200 MWh battery energy storage project</strong> located in the department of Oise, north of Paris, France from Harmony Energy, a renewable energy project developer. The project is expected to be commissioned in autumn 2026.</p>
<p><strong>Yinson Renewables, an independent renewable power producer, </strong><a href="https://mercomcapital.com/yinson-renewables-secures-59-million-financing-for-solar-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a $59 million senior secured green financing for the 97 MWp Matarani solar project</strong> located near Arequipa, Peru. IDB Invest and Natixis Corporate &amp; Investment Banking provided the funding. The project achieved full commercial operations in September 2024 and is backed by a long-term Power Purchase Agreement (PPA) with Orygen, a Peru-based renewable energy supplier and generator.</p>
<p><strong>TSE, a French solar developer specializing in agrivoltaics projects, </strong><a href="https://mercomcapital.com/agrivoltaics-project-developer-tse-secures-68-5-million-financing/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a bond debt funding of €65 million (~$68.5 million) from the Eiffel Investment Group Fund</strong>. The debt funding will enable TSE to develop and construct new solar projects with a combined capacity of 800 MW. Astris Finance advised TSE as financial advisor and Gibson Dunn as legal advisor. Clifford Chance advised Eiffel Investment Group as legal counsel.</p>
<p>Click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.</p>
<p>Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-baywa-r-e-sells-solar-projects/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: CEE Group Acquires 102 MW Solar Project in Germany

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