Capcora advises Chint Solar on forward COD transaction for a BESS portfolio in Germany

The portfolio, developed entirely by Chint, consists of five projects in Saxony, Saxony-Anhalt and Brandenburg. With a total capacity of 56 MW / 180 MWh, Chint's portfolio will be implemented on a turnkey basis, including EPC and O&M contracts. The first projects are already under construction; the connection to the medium-voltage grid is planned between the second quarter of 2026 and the third quarter of 2027. The portfolio is part of Chint's fast-growing battery storage pipeline in Germany and underlines the company's strategic evolution – away from a pure solar developer to an integrated provider of energy infrastructure solutions.

The transaction partner on the buyer's side of the portfolio is Second Foundation, which acquires a high-quality and highly advanced project portfolio that optimally fits its investment strategy in the European energy storage market. With its strong expertise in flexibility optimization and energy trading, Second Foundation will efficiently market the storage facilities along various revenue sources – especially in balancing energy and intraday markets.
Bernd Kipping, Vice President Innovation, Finance and Procurement at Chint, comments: "This transaction, structured as a forward COD deal, is still rare in the German BESS market and therefore represents a special model. The combination of Chint Solar Europe's development and implementation expertise and Second Foundation's strength in energy trading and asset management creates a very complementary partnership. In the future, we are also looking into making our BESS EPC competencies available to third parties."

Oliver Schweininger, CEO / Managing Director of Chint Solar Europe, adds: "We are very pleased with the successful completion of our first transaction of an independent BESS portfolio in Germany together with Second Foundation. This portfolio marks an important milestone for our company and underlines our strategic shift towards becoming an integrated provider of energy infrastructure solutions. We are looking forward to the timely implementation and grid connection of the projects as well as the further expansion of our BESS activities in Germany and Europe together with strong partners with great confidence."

Stephan Lehrke, CEO of Second Foundation Germany, says: "With this acquisition, we are further strengthening our position in the German energy storage market. The advanced level of development of the portfolio and the foreseeable commissioning fit perfectly with our focus on high-quality, near-realisation assets. We look forward to working with Chint Solar and all stakeholders to successfully implement the projects and realize their full value potential through our expertise in algorithmic trading and flexibility optimization."

Henning Prigge, Director at Capcora, adds: "The successful implementation of one of the first forward COD transactions for a BESS portfolio illustrates both the increasing maturity of battery storage as an asset class and the growing confidence of investors in advanced projects with a clear implementation strategy."

Legal advice on the seller side was provided by Dr. Christoph Torwegge and Alexandra Abeln of Osborne Clarke. Second Foundation was legally advised by Alexander Ahrens, supported by Samp Schilling.