Image credit: Fotowatio Renewable Ventures
Fotowatio Renewable Ventures, a developer of renewables with 1.9GW of projects to its name, has announced its first grid-scale battery project as it embarks on a global energy storage push.
The company said that this initial battery storage project is part of its "long-term investment plan to develop projects globally", driven to a greater extent by the growing use of batteries to integrate renewables, in a release emailed to sister title Energy-Storage.news this week. Its first announced foray into the space will be a 15MWh lithium battery energy storage system (BESS) project for UK developer Harmony Energy in southern England, UK.
Connected to the local grid of UK distribution network operator (DNO) Southern Electric Power, the battery system will provide flexibility services and is expected to take only three months from when it begins in January. FRV said the project, at Holes Bay in Dorset on England's southern coast, will be a "first of its kind" for the UK in the "cutting-edge" controls system and technologies used.
See here to read the full story as originally published on sister title Energy-Storage.news
The prospects and challenges of solar's new era in Europe and beyond will take centre stage at Solar Media's Solar Finance & Investment Europe (London, 5-6 February) and Large Scale Solar Europe 2020 (Lisbon, on 31 March-1 April 2020).
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.