Loyens & Loeff advised Energy Solutions Group, the largest independent producer of green energy in the Benelux area, with the financing of their first large-scale battery energy storage system in Harmignies. The commercial financing is provided by KBC Bank (senior loan provider) and Wallonie Entreprendre (junior loan provider) and marks a significant advancement in the financing of BESS projects in Belgium.


Large-scale battery energy storage is needed to reliably integrate increasing volumes of renewables on the Belgian grid. The large-scale BESS project in Harmignies, part of the municipality of Mons in the Walloon region, is located on an industrial site next to an ELIA high-voltage substation. The project is currently under construction and consists of 82 Tesla Megapacks 2XL and can deliver 75MW of power for 4 hours non-stop, expected to become operational in Q4 2025.
 
The Loyens & Loeff team, composed of members of our Immovable Property and Banking & Finance expertise groups, acted as legal advisor to ESG. Our assistance included due diligence, the drafting of the project documentation and loan documentation as well as the negotiations between ESG, project parties and lenders. We congratulate ESG and their lenders and are proud that Loyens & Loeff could contribute to the success of this landmark and groundbreaking project.