- Press Releases
October 23 (Renewables Now) - Swedish energy storage specialist Azelio AB (FRA:4AZ) has teamed up with Moroccan solar EPC contractor Jet Energy to deliver around 45 MW of storage projects in Francophone Africa in 2021-2025.
The companies have signed a memorandum of understanding (MoU), under which Jet Energy is to serve as project developer, with Azelio providing its thermal storage technology TES.POD. The joint projects would pair the TES.POD systems, short for Thermal Energy Storage. Power on Demand., with new and existing solar photovoltaic (PV) parks.
The collaboration will focus on Morocco in particular and in French-speaking African countries in general, with the first projects targeting 50 kW in 2021, Azelio said. From then on, the partners expect to deliver 5 MW in 2022, 10 MW in 2023, 15 MW in 2024 and 15 MW in 2025.
Jet Energy, a contractor specialising in construction, operation and maintenance of solar PV farms, is seeking to broaden its business offering and build itself as one of Azelio’s technology providers in the region, the Swedish company added.
The MoU arrives eight months after Azelio finalised the installation of its thermal storage system at the 580-MW Noor Ouarzazate hybrid solar power complex in Morocco.