Two contract-manufactured, containerized vanadium flow battery
energy storage systems produced
by red T energy plc were recently shipped to the Power Networks
Demonstration Centre (PNDC) in
Cumbernauld, Scotland. Working
alongside the Scottish Department
of Energy & Climate Change (DECC)
at PNDC’s University of Strathclyde
site, the units will be subjected to
data analysis and performance
benchmarking before being transported to the Scottish Isle of Gigha,
where they will be coupled with the
island’s 1-MW wind farm.
The project itself will eventually comprise 1.68-MW of storage in
the form of seven 15k W/240k Wh
units connected in series. red T’s
units were selected for this remote
location, which has limited grid
connection, due to their ability to
balance variable generation from
renewable sources and their ability
to time-shift excess generation.
The Gigha energy storage system is funded by DECC and red T
is working alongside project partners; Scottish and Southern Energy (SSE), EA Technology Ltd., Community Energy Scotland (CES) and
Gigha Green Power Ltd. (GGPL). ￮
America, in particular, has become something of a litmus test for
how quickly markets can grow.”
Argentina was the highest-scoring new entrant, the report shows.
The transformation of the country’s economy and rollout of an ambitious renewables program under its new pro-market government
brings it into the index in 19th position, and reinforces how quickly
new markets can redirect the focus of developers and investors.
Warren added: “Markets earlier in their renewables journey are
benefiting from cheaper and more efficient technologies, lower cost
of capital and more reliable resource forecasting. The increasingly global flow of capital proves that investors are becoming more
comfortable with new markets. We can expect to see massive
deployment of low carbon investment in developing markets.” ￮
To hear from experts about renewable energy investment opportunities in
Africa, watch the replay of the June 27 RenewableEnergy World.com webcast:
High-Yield Investment Opportunities in the African Renewable Energy Sector.
Saudi Companies Front Runners
for 170-MW Noor PV 1 Renewable
Program In Morocco
On 23rd May, The Moroccan Agency for Solar Energy (MASEN), conducted a public bid opening of its 170-MW Noor PV 1 solar power plant.
According to sources close to MASEN, three leading Saudi companies including, ACWA Power, FRV (a subsidiary of Abdul Latif
Jameel) and Alfanar, submitted the top three proposals for the
plant, which is to be constructed in Morocco.
The multi-currency tariffs submitted by these companies were in
the proximity of 6 US cents/k Wh, a tariff which is a record low in North
African markets, said the source who preferred to remain anonymous.
There is a huge demand for electricity across the region, particularly in the Northern Africa nations consisting of Morocco, Algeria, Tunisia, Libya and Egypt. Morocco, in particular, has already set
forth a promising set of projects.
With its financial reserves and power sector expertise, and with
the support from the government, companies from Saudi Arabia
have recently bid on various renewable projects in the Middle East
and North African markets, and in most cases, have been awarded
The project is set to achieve its financial close in the Q4 of 2016. ￮