Brief: TINC Invests In Two Greenfield Large-Scale Battery Energy Storage Systems
25/03/2026 06:13
March 25 (Reuters) - TINC NV TINCC.BR: INVESTS IN LARGE-SCALE BATTERY STORAGE TO STRENGTHEN FLEXIBILITY OF BELGIAN ELECTRICITY NETWORK INVESTS EUR 23 MILLION IN TWO GREENFIELD LARGE-SCALE BATTERY ENERGY STORAGE SYSTEMS LOCATED IN RUIEN (KLUISBERGEN) AND LANGERLO (GENK) THESE BATTERY SYSTEMS REPRESENT A TOTAL INVESTMENT VALUE OF EUR 330 MILLION COMMITS EUR 23 MILLION TO THIS INVESTMENT, WHICH WILL BE FUNDED DURING 2026 UNDER ITS EUR 200 MILLION REVOLVING CREDIT FACILITY NET DEBT OF TINC AMOUNTED TO EUR 73 MILLION AT TIME OF TRANSACTION Source text: here Further company coverage: TINCC.BR (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))