Daily News Wrap-Up: Sungrow Signs 638 MWh Energy Storage Contract With Engie

KPI Green Energy receives an order for a 33 MW solar power project

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Here are some noteworthy cleantech announcements of the day from India and around the world

Sungrow has signed a contract with ENGIE to supply a 638 MWh liquid-cooled energy storage system solution to Chile. The project is expected to increase the reliability and flexibility of the Chilean National Electric System. The BESS Coya project will store the renewable energy from the Coya solar plant and allow this energy to be supplied for five hours daily. This translates into 200 GW annually, allowing around 100,000 homes to be supplied with clean energy. It is expected to avoid emissions totaling 65,642 tons of CO2 annually, equivalent to removing around 22,000 internal combustion vehicles from circulation.

 NTPC has declared commercial operation of the 230 MW Ettayapuram solar photovoltaic project in Tamil Nadu, successfully commissioning its second part capacity of 67.73 MW. The first part capacity of 162.27 MW was recently declared open for commercial operation. With this, the standalone installed and commercial capacity of NTPC accounts for 58,109 MW, while the group installation and commercial capacity will become 70,724 MW.

Solar company KPI Green Energy has received a new order for a 33 MW solar power project under the captive power producer (CPP) segment. The order includes the execution of engineering, procurement, construction, and commissioning of the project, along with 25 years of operation & maintenance and a land lease agreement through KPIG Energia, a wholly-owned subsidiary of the company. The company said this is the largest single order received and will strengthen and accelerate the speed to achieve their ambitious target of reaching 1,000 MW capacity by 2025.

Indian Energy Exchange (IEX) has become India’s first carbon-neutral power exchange. To reduce its carbon footprint, IEX canceled CERs (certified emissions reductions) from clean projects registered under the clean development mechanism of UNFCCC (United Nations Framework Convention on Climate Change) and used market-based tradable instruments. IEX said its commitment towards climate mitigation would support the corporates and industries who want to be associated with an environmentally responsible organization and will enable them to contribute towards the critical challenge of climate change.

Sungrow has forged a contract with ENGIE to supply a 638 MWh liquid-cooled energy storage system solution to Chile. The project is expected to increase the reliability and flexibility of the Chilean National Electric System. The BESS Coya project will store the renewable energy from the Coya solar plant and allow this energy to be supplied for five hours daily. This translates into 200 GW annually, allowing around 100,000 homes to be supplied with clean energy. It is expected to avoid emissions totaling 65,642 tons of CO2 annually, equivalent to removing around 22,000 internal combustion vehicles from circulation.

Glennmont has entered the U.S. market through a JV agreement with global solar and storage specialists GreenGo Energy to develop 1GW of solar and storage projects. Glennmont will combine its expertise with GreenGo, which has developed 7.5 GW solar and storage projects across the U.S. and Northern Europe. The assets will be owned by Glenmont Partner’s Clean Energy Investment Strategy. The first project is expected to come online in 2025 and involves both standalone solar PV and energy storage projects in the early stages of their development. The partnership follows the recent successful launch of Glenmont’s clean energy and clean transition enhanced credit (ETEC) strategies, worth €700 million ($743.45 million) and €250 million ($265.52 million), respectively.

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