- Press Releases
October 27 (Renewables Now) - NHOA SA (EPA:NHOA), formerly Engie Eps, has been contracted to develop two energy storage projects with a combined capacity of around 160 MW/420 MWh for use by its majority shareholder, Taiwan Cement Corp (TPE:1101), or TCC.
The systems will be owned and operated by TCC. They will be located at TCC's SuAo cement plant and HePing industrial park, and will provide ancillary services to the Taiwanese grid.
NHOA will be a turnkey technology supplier for the projects. The company will build the 110-MWh facility in SuAo by the end of 2022, with the 310-MWh facility in HePing due to be completed by the third quarter of 2023.
"These are NHOA’s first large-scale systems in Asia and add to the recent Australian project confirming the pre-eminence of our technology in Asia Pacific, a region which represents now almost 50% of our 1.3 GWh of projects under development globally, and the backbone of our 2022 and 2023 results," NHOA chief executive Carlalberto Guglielminotti said.
TCC completed the EUR-132-million (USD 153.4m) purchase of 60.48% of French utility Engie's energy storage subsidiary in July and lifted its shareholding to 65.15% in September.
(EUR 1 = USD 1.162)