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Insights into the cleantech industry by Chad Canfield

Chad Canfield

Senior Advisor

Chad Canfield is a senior advisor to Apricum and a project finance specialist with 25+ years of experience, including senior roles at AES and Union Bank/MUFG. He has closed non-recourse financings across four continents, aggregating more than $8 billion in greenfield capital.

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How much can a battery project borrow in the EU? 40 separate financings have the answer

Oct 1, 2026 | Articles and interviews

Apricum Senior Advisor Chad Canfield analyzed 40 non-recourse financings of standalone BESS projects in the EU between January 2024 and August 2026. Across the 27 deals with disclosed debt, the benchmark comes to roughly €226k of debt per MWh, a real reference point for sponsors.

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Apricum articles

Chad Canfield

How much can a battery project borrow in the EU? 40 separate financings have the answer

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