Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTInnergex picks Mitsubishi batteries for 85 MW/425 MWh of projects in Chile
Salvador Battery Energy Storage Project in Chile. Image rendering: Mitsubishi Power.
May 11 (Renewables Now) - Canadian power producer Innergex Renewable Energy Inc (TSE:INE) has picked technology by Mitsubishi Power for 85 MW/425 MWh of battery energy storage (BESS) projects in Chile’s Atacama desert.
The order is tied to two battery facilities that will be installed at the site of solar photovoltaic (PV) parks in Northern Chile – the 68-MW Salvador and 50.6-MW San Andres solar parks. The five-hour batteries deploying Mitubishi's Emerald storage solution are planned to go online in 2023, Innergex said on Tuesday.
The Salvador solar farm will be coupled with 50 MW/250 MWh of lithium iron phosphate battery storage, while the smaller plant will have a co-located battery of 35 MW/175 MWh. The two BESS projects are expected to require an investment of USD 128.5 million (EUR 122m).
The battery systems will receive capacity payments and will also sell electricity on the merchant market.
The two schemes are Innergex’s first utility-scale BESS projects in Chile. For Mitsubishi Power, they are the first such awards for schemes in South America.
(USD 1.0 = EUR 0.950)
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