Sungrow has entered into three energy storage agreements with Algihaz Holding, an investment group in Saudi Arabia. Each project will have a capacity of 2.6 GWh, amounting to a total of 7.8 GWh. The storage projects will be located in Najran, Madaya, and Khamis Mushait, Saudi Arabia. Furthermore, deliveries are set to begin this year. The grid connection for the projects is expected by 2025.
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The Orana battery energy storage system (BESS) project in New South Wales, Australia, has reached an agreement for A$650 million with Akaysha Energy. Situated in the Central West Orana renewable energy zone, the Orana project will be built with funding from the three-year facility. The project is scheduled to be online in 2026 with a 1,660 MWh of projected capacity.
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Low Carbon, a UK renewables investor, has won development clearance for a project in Lincolnshire, England, to build a 500-MW solar complex and an energy storage facility. According to the statement, the British Department for Energy Security and Net Zero approved the proposal.
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Pacific Green Technologies has announced plans to buy a majority stake in two large-scale in-development battery energy storage system (BESS) projects from an international developer in Poland, Europe. Furthermore, the balance of shares in each 50 MW project will be purchased, after certain project milestones are met. The acquisition of two 50MW projects totalling 400 MWh of capacity marks the company’s entry into Poland.
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Recurrent Energy has secured $513 million project financing for the 1,200 MWh Papago Storage project situated in Maricopa County, Arizona. Construction of the project is expected to begin in the third quarter of 2024 and commercial operations are anticipated to commence in the second quarter of 2025.
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Plus Power has secured $133 million financing for the 150 MW / 300 MWh Cranberry Point facility in Carver, Massachusetts. It is a utility-scale standalone battery storage system in construction on the New England grid. The financing includes a construction-to-term loan, bridge loan, and letter of credit facility.
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Gensol Engineering Limited has bagged 250 MW/ 500 MWh standalone battery energy storage system (BESS) tender, Phase III, worth Rs 13.4 billion. Awarded by Indian state-owned utility Gujarat Urja Vikas Nigam Limited (GUVNL), the project will be developed by Gensol on the basis of build, own, and operate model.
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Arise, through its Finnish subsidiary Pohjan Voima, has entered into a co-operation agreement with Finsilva. The co-operation expands opportunities for the development of new wind and solar projects, which may also include battery storage. Pohjan Voima and Finsilva have pinpointed five new project areas suitable for developing approximately 500 MW of wind and solar power. These early-stage projects will now be incorporated into Arise’s portfolio.
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UEM Group Berhad through its wholly-owned subsidiary and green industry arm, UEM Lestra Berhad (UEM Lestra) has inked an agreement with Blueleaf Energy and ITRAMAS Corporation Sdn Bhd (ITRAMAS) for the development of a 500 MW hybrid solar power plant in Malaysia. It is part of the larger 1 GW hybrid solar power plant flagship venture.
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Entergy and NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc. have entered into a joint development agreement to develop up to 4.5 GW of new solar generation and energy storage projects.As per the company’s statement, the agreement will help Entergy provide renewable energy to more than 3 million customers in Mississippi, Arkansas, Louisiana and Texas. Furthermore, it is a five-year joint development agreement.
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Leeward Renewable Energy (LRE) has inked a 15-year Long-Term Resource Adequacy Agreement with Pacific Gas & Electric Company for LRE’s 112.5 MW Sierra Pinta Energy Storage project in Yuma County, Arizona. Sierra Pinta is next to LRE’s 179 MW White Wing Ranch Solar project, which is currently under construction. Sierra Pinta Energy Storage project aims to bolster renewable energy deployment and has a storage capacity of 450 MWh.
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ORIX Corporation has announced plans to construct the Maibara-Koto energy storage plant, with a rated output of 134 MW and a capacity of 548 MWh. The plant will be situated in the city of Maibara, Shiga. The construction will commence in November 2024 and operations in 2027. Furthermore, ORIX secured the project through a competitive decarbonisation energy auction from the Organisation for Cross-regional Coordination of Transmission Operators, Japan (OCCTO).
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Uniper has partnered with NGEN to develop a 50 MW/100 MWh battery storage system at the Heyden power plant site in Petershagen. The battery storage system is anticipated to be operational by 2025. The partnership between Uniper and NGEN emphasises the joint commitment to innovation and sustainability.
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Recurrent Energy has secured a multi-currency revolving credit facility worth up to €1.3 billion from a consortium of ten banks for the development of renewable energy projects across multiple European countries. The agreement will enable Recurrent Energy to advance its solar and battery energy storage projects in Spain, Italy, the United Kingdom, the Netherlands, France, and Germany. Initially, the facility is valued at €674 million and has the potential to expand to approximately €1.3 billion.
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Atlantic Green has selected Ameresco and Envision Energy to develop the Cellarhead project, a 300 MW battery energy storage project (BESS) with a maximum energy capacity of 624 MWh. The Cellarhead BESS project will be connected to National Grid’s Cellarhead substation and will provide the UK with additional energy security and reliability.
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RWE has acquired 599 MW of solar and energy storage projects from Galehead Development. The recently completed acquisitions has two projects in the development-stage located within PacifiCorp’s operating territory in the Pacific Northwest and a mid-stage development asset in northeastern New York
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Neoen has disclosed that its fully-owned subsidiary, Shift Solar Inc, secured a 380 MW / 4-hour capacity contract through a competitive tender organised by the Independent Electricity System Operator (IESO), Ontario’s electric grid operator. Grey Owl Storage will supply the IESO during 20 years from commissioning with additional capacity that will contribute to meet the province’s growing demands.
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As Europe is decarbonising its economy, it is facing a monumental challenge to rebuild the fossil-based system into a carbon free one. Batteries and the materials that go into making them are central to the effort to clean up cars, trucks and buses as well as to expand renewable energy networks. This report “An industrial blueprint for batteries in Europe” by Transport and Environment analyses the progress, as well as challenges associated with onshoring this supply chain, providing an industrial footprint for governments to build a local, resilient and sustainable battery supply chain.
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Stonepeak and CHC have announced the creation of a platform focused on the development, construction, and operation of energy storage projects in Japan. The platform will focus on developing, constructing, and operating BESS projects to accelerate Japan’s power industry decarbonisation by leveraging Stonepeak’s investment experience in Japan’s renewable sector and CHC’s technical expertise.
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Energy Vault and ACEN Australia have finalised key contractual arrangements for two battery energy storage system (BESS) projects totaling 400 MWh in Australia. Construction for both projects is slated to commence in the latter half of 2024, with commercial operations expected to commence in 2025 and 2026.
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