Altech Batteries Ltd has received environmental and construction approval (BimSch-G) for its 120 MWh CERENERGY® GridPack production facility in Saxony, Germany. This milestone approval allows its joint venture subsidiary, Altech Batteries GmbH, to move forward with site clearing and construction, pending the successful completion of project financing.
The approval follows an application process initiated in September 2023. Altech, in partnership with engineering subcontractor LEADEC and architecture and balance-of-plant subcontractor ARIKON, submitted an application for the proposed construction and operation of the 120-megawatt-hour (MWh) CERENERGY® battery project.
In Germany, the approval process is governed by environmental risk assessments, with most projects requiring federal approval under the German Federal Immission Control Act (BimSchG).
Well positioned to advance development
With the permit now secured, Altech is well-positioned to advance the project’s development. The approval also marks an important step in the company’s financing phase.
“We are pleased to have received the final licensing approval for our 120 MWh CERENERGY® battery project so early. Our approach of being dynamic, quick moving and to run things concurrently, puts Altech in good stead to complete the financing process. We appreciate the authorities' recognition of our professional and responsible approach, and we're thankful for their exceptional support,” Altech group managing director Iggy Tan said.
To mitigate potential delays, Altech initiated the permitting and licensing process alongside the definitive feasibility study (DFS).
This proactive approach ensures that project execution can proceed without disruption once financing is secured. Additionally, securing environmental and construction approval under BimSchG is expected to enhance financial institutions’ confidence in the project.