Luxcara, an independent asset manager specializing in clean energy infrastructure projects, has announced the acquisition of a 520 MW battery energy storage system in Waltrop, Germany, from an undisclosed company.
The project will be constructed on a previously unused site that was originally designed for a coal-fired power plant. It is located near the town of Dortmund in North Rhine-Westphalia, strategically placed in the region with a dense concentration of heavy industry.
Additionally, the energy storage project has secured grid capacity and is scheduled to operate under a tolling agreement.
Construction on the project is scheduled to begin in 2026. Financial details of the acquisition were not disclosed.
The project is part of the large-scale Waltrop Battery Park, with a total capacity of 900 MW and an estimated energy storage capacity of 1,800 MWh. For this, Luxcara is collaborating with BKW AG, an international energy and infrastructure company based in Bern, Switzerland, and Trianel GmbH, a German municipal utility company. The project is currently undergoing review by the Federal Cartel Office.
Alexander Lüntzel, Investment Manager at Luxcara, “With this BESS project, we are not only expanding our clean infrastructure portfolio, but placing it exactly where grid flexibility is needed most. Moreover, repurposing a brownfield site formerly designed to develop a coal-fired power plant stands as a clear symbol of Luxcara’s continued commitment to driving the energy transition.”
Robert Itschner, CEO of BKW, said, “With our project in Waltrop, we are taking a major step towards creating a more flexible and stable energy system in Europe. Large-scale batteries enable us to store renewable energy intelligently and take targeted action. BKW can use its extensive expertise along the entire energy transition value chain: from planning, building and operating the large-scale infrastructure through to marketing the energy for trading.”
According to Mercom’s Q1 2025 Funding and M&A Report for Energy Storage, 15 energy storage projects were acquired compared to Q1 2024, where only six project M&A transactions.
In March this year, RES, a U.K.-based independent renewable energy developer, announced the completion of the sale of a fully ready-to-build 70 MW/160 MWh battery energy storage project in Ånge, Sweden.
