Project total investment of 2 billion yuan, plans to be implemented in phases: a project will be launched in the first quarter of 2025, leasing plant 15,000 square meters, the construction of 2GWh energy storage equipment production line and 1GWh lithium iron phosphate.
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In this week's roundup of power project financing and development: Avantus secures $300M for solar and storage, Pivot and Microsoft finance community initiatives, PFIFFNER Group breaks ground in Georgia, Qnetic raises funds for flywheel energy storage, and Recurrent.
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The Czech energy conglomerate ČEZ is investing over 800 million crowns (about 32 million euros) in the modernisation of the Dlouhé stráně pumped-storage power plant to renew key components of the turbomachinery, which has been in operation for nearly 30 years.
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Both plants will be the first in the country to integrate battery storage systems. Cocales will include a 20 MW / 80 MWh BESS, while La Hulera adds 10 MW / 40 MWh. The PPAs were awarded through Guatemala's largest power auction. Commercial operations for both projects are.
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