European Energy secures GBP 58.1mn financing for UK solar and battery project

Construction financing supports delivery of a hybrid renewable energy project combining solar generation with battery storage.

• GBP 58.1 million construction financing secured from Danske Bank for the Indian Queens hybrid renewable energy project in Cornwall.
• Project combines 68 MW of solar generation with a 47.5 MW / 95 MWh battery energy storage system on a shared grid connection.
• Hybrid structure integrates contracted renewable generation with battery flexibility, creating an attractive long-term infrastructure asset.

Copenhagen, Denmark, 11th of August, 2026 – European Energy has secured GBP 58.1m in construction financing from Danske Bank for its Indian Queens hybrid renewable energy project in Cornwall, United Kingdom.

The financing supports the ongoing construction of the project, which combines a 68 MW solar park with a 47.5 MW / 95 MWh battery energy storage system. Commercial operations are expected to commence in 2027.

The project forms part of European Energy’s strategy of developing hybrid renewable energy assets that combine generation and storage to improve grid utilisation, increase operational flexibility and create more attractive long-term investment opportunities.

“Hybrid projects are becoming an increasingly important part of the renewable energy market. By integrating battery storage with solar generation, we are creating more resilient and flexible energy assets while strengthening their long-term investment profile,” says Jens Peter Zink, Deputy CEO at European Energy.

The financing from Danske Bank further strengthens European Energy’s ability to deliver large-scale renewable energy infrastructure across key European markets.

“We are pleased to support European Energy with the financing of Indian Queens, reflecting Danske Bank’s commitment to the renewable energy market. The transaction also underlines our ambition to support our Nordic clients as they expand beyond Scandinavia,” says Jakob Hjørngaard, Senior Banker in Danske Bank, Large Corporate Banking Denmark.

Indian Queens reflects the type of asset increasingly sought after in the UK market: a solar project combined with battery storage, backed by a cPPA and CMC for the BESS. The structure provides both generation and flexibility, supporting stable revenues and aligning with evolving market requirements. The park is connecting both generation and storage on a single grid connection, making much more efficient use of the grid infrastructure. 

Once operational, the Indian Queens project will contribute to the UK’s renewable energy capacity while offering a combination of contracted revenues and operational flexibility. The project forms part of European Energy’s broader pipeline of solar and storage developments designed to meet investor demand for de-risked, integrated energy assets in Europe.

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Ming Ou Lü

PR Manager

+45 3126 9376

miol@europeanenergy.com