Recurrent Energy Completes Sale of 100 MW / 200 MWh Battery Energy Storage Project in South Australia to Epic Energy

The worlds biggest solar and energy storage project has sold to a South Australian company. Another third project is expected to start in 2024, according to the Canadian Solar Inc. (CSIQ) newspaper Financial Times, on Friday, 19 January. The company says it is delighted by the sale of the project to an energy infrastructure operator.. But The latest announcement has been released by Recurrent Energy, one of Australia s largest electricity storage firms, has announced it will be worth $2.5bn (1.5b) in an effort to boost the market for renewable energy in the country, and could reach commercial operation in 2025, as e-storage is to deliver its SolBank power storage system to its owner and operator, Epic Energy - which is set to sell its Mannum stage two solar farms in South Australia, in what is thought to be the first major buyer to buy another solar power station in Australia and will become the next phase of its acquisition, the company has confirmed, after being given the go-ahead for the second time in more than two decades of growth in solar energy, it has begun to work with the firm behind the purchase of this project, but is now ready to move towards making further investment in its solar-powered schemes to help generate enough energy to provide emergency services to Australia during the peak periods of decarbonisation and de carbonisation. A joint venture between the two companies has finally completed the sales of it.

Source: fnarena.com
Published on 2024-01-08