Financing BESS: What Banks Accept — and Where Deals Break

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Recording from Tuesday, March 31, 2026 | Battery Business & Development Forum | Language: English | Duration: 66:07 .

Debt for battery storage is available, but conditions are changing as merchant exposure increases and revenue structures become more complex. This session brings together banks, developers, offtakers and investors to discuss what is currently financeable, how contracts are structured in practice, and where expectations diverge.

What you will discuss:

  • How much merchant exposure banks are currently willing to accept

  • What makes a tolling agreement truly bankable in practice

  • Where expectations between banks, offtakers and developers typically diverge

  • How financing structures change when revenue uncertainty increases

  • Whether refinancing and new structures can unlock projects without long-term contracts

  • At what point a project becomes too risky even for equity

Moderator

Ann Cocquyt
Director - PPA & BESS Transactions
Pexapark

Speaker

Marcus Starke
Director Energy Origination
NORD/LB

Ruben Valiente
Managing Director
MAXXEN ENERGY AG

Alexander Drousiotis
Vice President Structured Finance Energy
Santander Corporate & Investment Banking

Mikko Preuss
Chief Commercial Officer
terralayrGrace Kankindi

Grace Kankindi
Deputy Head of Investment Management
Aquila Clean Energy

Coen Hutters
Energy Transition Specialist
Rabobank

Nils van Afferden
Asset Originator Flexibilities and Batteries
RWE
Supply & Trading GmbH

Maxime Nekoian
Finance Director
Gresham House

Mark van Zon
Senior Director
ABN AMRO

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