Today, Vice Minister-President Hilde Crevits and Energy Minister Zuhal Demir, in the presence of senior Nala Renewables management, drove the first symbolic spade into the ground to mark the start of construction of one of the largest battery energy storage systems (“BESS”) in Belgium, located at Nyrstar’s zinc smelting operation in Balen.
The BESS, which represents an investment of 30 million euros, is being developed by Nala Renewables Limited, a joint venture between Nyrstar parent company Trafigura and IFM Investors. Nala Renewables aims to contribute to the shift to renewable energy by initiating projects worldwide with a cumulative generative capacity of four gigawatts to be operating, in construction, or in late-stage development by 2025.
The BESS, Nala Renewables’ first project of its kind, is scheduled to come on stream towards the end of the year. It will…