ANTWERP– Belgian infrastructure investor TINC said on Wednesday it has invested €23 million in two large-scale battery storage systems aimed at enhancing the flexibility and reliability of the country’s electricity grid.
The two greenfield projects, located in Ruien and Langerlo, represent a total investment value of €330 million and are being developed, constructed, and operated by Belgian renewable energy company Storm. With a combined capacity of 300 megawatts and total storage capacity of 1,200 megawatt-hours, the systems are expected to come online by the end of 2027.
TINC said the investment aligns with its strategy to expand into future-oriented infrastructure and supports its goal of building a €1 billion portfolio across Belgium and neighboring markets.
“By investing in flexible energy infrastructure, not only do we bolster the resilience of the electricity system, but we also further grow a diversified portfolio creating long-term value,” said Manu Vandenbulcke, CEO of TINC.
The project financing is backed by a consortium of Belgian and international lenders, including KBC, Belfius, ING, Rabobank, Triodos, Santander, and Société Générale. Equity is being provided by TINC alongside Flemish investment company PMV and I4B.
TINC, which is listed on Euronext Brussels, said its €23 million commitment will be funded during 2026 under its existing €200 million revolving credit facility. The company’s net debt stood at €73 million at the time of the transaction.