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Return secures €835M Deutsche Bank, Rabobank financing for German battery storage

1 reports1 report sources3 hours agoUpdate

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Amsterdam-based battery storage startup Return has secured €835 million in portfolio financing underwritten by Deutsche Bank and Rabobank to expand in Germany. The initial framework covers three German projects totaling 117 MW. Return aims to install at least 1 GW of battery storage capacity annually from 2027 and plans to invest €750 million to €1.2 billion a year in German projects, depending on market conditions.

AI-generated from reports · 2 hours agoUpdate

Latest updatesNov 4 23:22
Return secures €835M financing from Deutsche Bank and Rabobank to expand German battery storage

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Nov 4
  1. EU-StartupsTop Deals
    Return secures €835M financing from Deutsche Bank and Rabobank to expand German battery storage

    Amsterdam-based energy storage startup Return has secured €835 million in portfolio financing underwritten by Deutsche Bank and Rabobank to expand battery storage in Germany. Return aims to install at least 1 GW of battery storage capacity annually from 2027 and plans to invest €750 million to €1.2 billion a year in German projects. The initial framework covers three German projects totaling 117 MW.

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