A consortium of developers has achieved financial close for US$1.3bn in debt facilities for the Red Sea project, a huge resort under construction off the coast of Saudi Arabia which plans to have the largest off-grid battery energy storage system at 1,200-1,300MWh.
Huawei Digital Power has said it will supply battery energy storage system (BESS) technology to what is thought to be the world’s largest off-grid energy storage project to date.
Two Chinese energy storage companies have been awarded top-class certifications for safety and technical requirements from TÜV Rheinland, with award ceremonies held earlier this month.
Chinese electronics and engineering company Huawei, which also manufacturers inverters for solar PV systems, is starting the supply of its FusionHome Smart Energy Solution, providing solar-plus-storage capabilities to the Australian residential market during the first quarter of 2018.
UK-based renewables developer Anesco says the inclusion of battery storage has been central to the economic viability of the country’s first subsidy-free solar farm, a 10MW site the company has just unveiled in the east of England.
