ENGIE EPS: Key milestone towards World’s largest “Solar-after-Sunset” project in Guam
07 Octobre 2019 - 9:22PM
Business Wire
- 100% “Solar-after-Sunset” with batteries storing the
entire daily solar production to supply green power in the evening
to Guam Power Authority’s customers
- c. 300 MWh of storage, more than twice the size of the
largest lithium battery currently operating in the world, to be
provided by ENGIE EPS
- estimated 1.2 million tons of CO2 to be avoided over
systems’ lifetime
- 30% reduction in electricity generation cost expected
against current fuel surcharge rate, mainly reliant on fossil
fuels
Regulatory News:
ENGIE EPS (Paris:EPS) has been informed that the Power Authority
of Guam, a U.S. territory in the Western Pacific, has selected
ENGIE as successful bidder for the construction of two
Solar-plus-Storage projects under a 20-year power purchase
agreement, in the context of Phase III of the “Renewable Energy
Resource” program. The Guam Power Authority (GPA) is now
considering ENGIE, the lowest bidder amongst those qualified in the
competitive tender process, for contract award.
The two “Solar-after-Sunset” systems proposed by ENGIE integrate
more than 50 MWp of solar PV with approx. 300 MWh of battery energy
storage to render 100% of the daily solar production available for
up to 7 hours after sunset.
ENGIE EPS will supply the innovative battery storage design and
act as full energy storage solution provider and system integrator,
supported by its strategic partner Samsung SDI.
Carlalberto Guglielminotti, Chief Executive Officer at ENGIE EPS
commented “We are proud to contribute to Guam Power Authority’s
pioneering vision. This is an iconic project which sets a paradigm
shift for the zero-carbon transition: ENGIE EPS’s technological
edge makes it now possible to provide solar power at night cheaper
than conventional generation.”
The project is scheduled to be online in July 2022 to deliver
over 85 GWh of clean dispatchable energy annually, in line with the
island’s target of sourcing over 25% of energy from renewables.
ENGIE will now work with GPA to obtain the approvals for the
20-year power purchase agreement by the Consolidated Commission on
Utilities and the Guam Public Utilities Commission. Formal award is
expected by GPA after this process is completed and at the end of
the regulatory recourse period.
* * *
About ENGIE EPS
ENGIE EPS is part of the ENGIE group and specializes in energy
storage solutions and microgrids that enable intermittent renewable
sources to be transformed into a stable power source. Listed on
Euronext Paris (EPS:FP), ENGIE EPS is listed in the CAC® Mid &
Small and the CAC® All-Tradable indices. Its registered office is
in Paris and conducts its research, development and manufacturing
in Italy.
For more information : www.engie-eps.com
* * *
About ENGIE
Our Group is a global reference in low-carbon energy and
services. In response to the urgency of climate change, our
ambition is to become the world leader in the zero-carbon
transition "as a service" for our customers, in particular global
companies and local authorities. We rely on our key activities
(renewable energy, gas, services) to offer competitive turnkey
solutions.
With our 160,000 employees, our customers, partners and
stakeholders, we are a community of Imaginative Builders, committed
every day to more harmonious progress.
Turnover in 2018: EUR 60.6 billion. The Group is listed on the
Paris and Brussels stock exchanges (ENGI) and is represented in the
main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100,
FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI
World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone
120, Europe 120, France 20, CAC 40 Governance).
engie-eps.com
ENGIE EPS S.A. 115, rue Réaumur 75002 Paris, France -
Tel. +33 (0)9 70 46 71 35 Share Capital of EUR 2,553,372 - RCS
PARIS 808 631 691
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