RWE, Masdar, Zenobe, Enlight and Others Forge Partnerships, Tolling Offers to Further Germany Market Expansion

Why It Matters

These collaborations deepen capital and expertise pipelines, reducing financing risk and speeding deployment of large‑scale storage needed for Germany’s renewable transition. The emerging tolling models also address the market’s current shortage of guaranteed off‑take contracts, enhancing project bankability.

Key Takeaways

• Enlight acquires majority stake in 150 MW solar‑BESS project.
• RWE‑Masdar JV targets 1 GW BESS capacity by 2035.
• Zenobē aims to secure 1 GW/4 GWh BESS in Germany by 2030.
• RP Global‑MaxSolar partnership targets 100 MW solar‑storage annually.
• TMH‑Electrohold offer tolling to provide fixed revenues for German BESS.

Pulse Analysis

Germany’s BESS sector is entering a consolidation phase, with international investors leveraging local partnerships to overcome regulatory and grid‑integration hurdles. The Enlight‑Prime Capital deal illustrates how IPPs are bundling solar generation with storage to create turnkey, grid‑ready assets, a model that aligns with the country’s 500 MW grid‑connection targets for 2026. Meanwhile, the RWE‑Masdar joint venture signals a strategic push from both European utilities and Gulf sovereign funds to capture a share of Europe’s fastest‑growing storage market, aiming for gigawatt‑scale capacity that can balance intermittent wind and solar output.

On the operator side, Zenobē’s entry underscores the transfer of UK transmission‑scale expertise to Germany, where four TSOs have recently opened procurements for grid‑forming services. By targeting 1 GW of BESS by 2030, Zenobē seeks to fill a niche for high‑performance, ancillary‑service capable storage, complementing Germany’s ambitious decarbonisation roadmap. RP Global’s collaboration with MaxSolar adds a development pipeline focused on 100 MW of solar‑plus‑storage projects each year, emphasizing the growing importance of integrated renewable‑storage solutions for both new builds and retrofits.

Perhaps most consequential is the emergence of tolling arrangements offered by The Mobility House and Electrohold. By providing fixed‑revenue contracts tied to BESS optimisation, these schemes mitigate the “off‑taker gap” that has stalled many final investment decisions. The security‑bond structure backed by A‑rated reinsurers further enhances bankability, making it easier for investors to secure financing. Collectively, these trends suggest that Germany will not only expand storage capacity but also mature its market mechanisms, setting a benchmark for European energy transition strategies.

RWE, Masdar, Zenobe, Enlight and others forge partnerships, tolling offers to further Germany market expansion

By Cameron Murray · February 10, 2026

A busy week of grid‑scale BESS project news from Germany, with numerous development, project, optimisation and tolling partnerships announced. The announcements show various companies either entering Germany for the first time (such as Masdar, Zenobe and RP Global), scaling up their ambitions (like Enlight), or offering solutions to those wishing to do so.

Enlight buys majority stake in 150 MW solar, 2 GWh BESS project

Israel‑headquartered IPP Enlight has signed an agreement to acquire a stake in Project Jupiter, a large‑scale co‑located solar and energy‑storage project in Germany, in partnership with investment manager Prime Capital. The project has a 500 MW grid connection and is targeting ready‑to‑build (RTB) status in late 2026.

Enlight is expected to acquire 51 % to 60 % of the shares in the project with Prime Capital, via its fund PGEIF II, holding the remaining shares. Jupiter will require €470‑500 million (US$560‑600 million) of investment, with average revenue during the first five years of approximately €85‑90 million and EBITDA of €70‑80 million. It would be among the largest battery‑energy‑storage‑system (BESS) projects in Germany.

RWE and Masdar partner on Germany battery projects

Power firm RWE has partnered with UAE state‑owned investor Masdar for BESS investments in Germany. The two companies will explore the creation of a joint venture (JV) targeting 1 GW of capacity by 2035.

Mohamed Jameel Al Ramahi, CEO of Masdar, said: “Germany is an important market for Masdar as we progress toward our target of 100 gigawatts of capacity worldwide by 2030 and we look forward to building on our already powerful partnership with RWE to support energy transformation in Germany and across Europe.”

The partnership was announced alongside one between RWE and the Abu Dhabi National Oil Company (ADNOC), another UAE state‑owned enterprise, concerning liquefied natural gas (LNG) exports to Europe.

RWE is already a major player in the German BESS industry. It is among the leading owner‑operators by operational capacity in the country and has recently begun building separate 400 MW systems.

Zenobē announces German market entry

UK‑based BESS owner‑operator Zenobē has announced its intention to acquire transmission‑level BESS projects in Germany. The company is actively hiring a German team to support its growth ambitions and aims to acquire at least 1 GW/4 GWh of BESS projects in Germany by 2030. It is actively engaged with offtakers for its projects.

Zenobē pointed to its deep experience in the UK market, with 1.3 GW/2.5 GWh either in operation or under construction. Most of that is at transmission level, and much of it is providing advanced grid‑forming services to the National Energy System Operator (NESO). Germany’s four transmission system operators (TSOs) recently launched procurements for such services.

Co‑founder and director James Basden said: “This is a fantastic opportunity for Zenobē to bring its deep technical expertise and proven track record of developing and operating transmission‑scale BESS to Germany to solve the challenges of achieving a zero‑carbon grid.”

RP Global and MaxSolar forge investment‑EPC partnership

Investor RP Global has entered into a memorandum of understanding (MOU) with MaxSolar, an EPC provider and IPP, to develop and implement solar and storage projects in Germany. The partnership focuses on the joint development, financing, construction and operation of ground‑mounted projects.

RP Global will be project investor and long‑term owner while MaxSolar will deliver the projects on a turnkey EPC and long‑term O&M basis. The firms are targeting 100 MW of projects a year. They are already working together on Harbke, a 49.5 MW solar‑PV project, while another PV project will start construction in the first half of this year under the new MOU. The projects under the MOU will place a strong emphasis on including energy storage.

The Mobility House and Electrohold Group offer tolling in Germany

Vehicle‑to‑grid (V2G) and optimisation firm The Mobility House (TMH) has partnered with Bulgaria‑based Electrohold Group to offer BESS tolling solutions in Germany. Electrohold Group is the energy‑trading arm of IPP and transmission & distribution network owner Eurohold Bulgaria, and the pair have partnered on BESS optimisation in the latter’s home market.

Together, they are now offering German BESS project owners and investors tolling solutions. That means they will provide those owners with some level of fixed revenues in return for the control and profits from optimising the BESS projects. Tolls can cover the full or partial capacity of a project.

TMH will bring its experience of optimisation while Electrohold can use its strong backing to support bankability, including a security‑bond structure covered by A‑rated reinsurers.

Germany is consistently rated as one of Europe’s most attractive markets, but many commentators say there is currently a relatively shallow pool of such offtakers for BESS projects.

Leandra Boes, director of asset management for owner‑operator Green Flexibility, recently told Energy‑Storage.news:

“The majority of projects in Germany are still reaching Final Investment Decision (FID) without securing tolling or other fixed‑revenue arrangements. While numerous market participants are actively exploring fixed‑revenue structures, only a limited number proceed to execution, largely because tolling off‑takers apply steep risk discounts.”