Giga Storage said Wednesday it signed a letter of intent with Tesla (TSLA) at Intersolar Europe to exclusively negotiate the full delivery of Green Turtle project in Dilsen-Stokkem, Belgium.
The project will have a generation capacity of 700 megawatts and storage capacity of 2.8 MWh.
Under the agreement, Tesla assumes a comprehensive engineering, procurement, and construction mandate alongside equipment supply, system commissioning, and long-term maintenance.
Final contract execution and project financing conclusions are scheduled for summer 2026, advancing Giga Storage toward its portfolio target of 2 GW of operational storage by 2030, it added.