Enlight Renewable Energy (TASE: ENLT) announced today that it has reached an agreement to buy electricity storage systems to provide 430 megawatt for solar energy projects combined with energy storage, which it will build in Israel.
The agreement was signed with Chinese company Sungrow Power Supply, a major international player which sells energy storage systems to more than 150 countries. Enlight will pay between $75-80 million for the storage systems including milestone payments.
RELATED ARTICLES
The storage systems include lithium-Ion batteries made by Chinese battery manufacturer Contemporary Amperex Technology (CATL). The systems will be used by Enlight in two Public Utilities Authority (Electricity) tenders that it won for combined photovoltaic and energy storage power plants.
Enlight CEO Gilad Yavetz said, “This is our first strategic procurement agreement in the field of energy and we have chosen to implement it using the advanced technological solution of Sungrow together with the matching technology of CATL, which provide us with the best existing solar energy combined with storage projects.”
Published by Globes, Israel business news – en.globes.co.il – on January 2, 2022.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
