Sungrow and Globeleq ink term sheet for BESS project in South Africa
Sungrow and Globeleq have inked a BESS supply and a 15-year long-term service term sheet for the Red Sands battery energy storage system (BESS) project. The project is situated in South Africa and has a capacity of 153 MW/612 MWh. The project is a part of South Africa’s inaugural Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). It is expected to reach financial close in 2025 and will begin operations in 2027.
Read More