Successful bid price of BESS project in Croatia 2026

Is the Bess offtake contract market growing in Europe?

The market for BESS offtake contracts in Europe is still relatively nascent and illiquid relative to the mature RES PPA market. However conditions are improving quickly as BESS growth gathers pace. A key theme in BESS offtake contract evolution across Europe is an increased focus on downside protection after 2023-24 revenue decline.

How has the Bess revenue environment changed over the last 12 months?

A tougher BESS revenue environment across the last 12 months has seen more selective lending from banks, with an increased focus on downside risk. However lending momentum remains strong for the right projects & platforms, with attractive loan to value ratios available as well as merchant financing.

How has Bess changed over the last year?

Despite a decline in BESS revenues across 2023-24, competition amongst offtake providers has risen significantly across the last year. This is good news for BESS investors as it is pushing down fees and driving innovation in offtake contract structures. In this article we look at: Evolution of debt financing for BESS.

Why should infrastructure investors invest in Bess?

This is a key focus for infrastructure investors looking to protect equity exposure from downside risks. It is also important for the growing pool of debt capital targeting BESS projects & platforms. Despite a decline in BESS revenues across 2023-24, competition amongst offtake providers has risen significantly across the last year.

What is a Bess offtake contract?

A key theme in BESS offtake contract evolution across Europe is an increased focus on downside protection after 2023-24 revenue decline. The three most common form of BESS offtake contract structures are: Toll (where optimiser pays a fixed capacity fee in exchange for retaining all revenue).

Are all Bess optimisers created equal?

Not all BESS optimisers are created equal. In fact there has been a growing divergence in optimiser performance across the last 18 months & some exits, driven by tougher market conditions and an increase in the importance of intraday & balancing revenue (requiring more sophisticated optimisation capabilities).