📋 Tender Overview
Project ID: 55451
Status: Exploratory
Location: Slovenia
Business Sector: Energy
Notice Type: Private
Environmental Category: B
Approval Date: 29 Apr 2026
Disclosure date: 16 Mar 2026
Project Description
The NGEN BESS Project involves the development, construction, and operation of five standalone battery energy storage ("BESS") facilities across Slovenia, Poland, Latvia, and Romania, with a combined capacity of 302 MW / 635 MWh (the "Project"). The Project represents one of the first multi-country, merchant-based storage portfolios in the region and is expected to play a critical role in energy security by supporting grid stability and enabling the integration of increasing volumes of renewable generation. The Project's financing structure consists of a senior secured loan of up to EUR 70 million, eligible for capital, operating, and development expenditures. The operation is expected to benefit from a first-loss guarantee under the InvestEU Fund, supporting sustainable infrastructure development across EU Member States.
Project Objectives
The Project aims to enhance energy system resilience by providing flexible, fast-responding storage capacity optimised through NGEN's AI-driven Energy Smart Grid Platform ("ESGP"). This will help reduce renewable curtailment, alleviate critical grid bottlenecks, and support realitime balancing and ancillary services across the Project's target markets. Ultimately, the Project contributes to national and EU-wide decarbonisation objectives by enabling higher renewable energy integration, improving system reliability, and supporting the transition toward a more flexible, low-carbon electricity mix.
