Solar power project in Hawaii / Courtesy of Tesla, Inc.
Tesla Powerpack will be part of a 400 kW solar and 912 kWh energy storage project in Mozambique to help stabilize the grid and provide access to uninterrupted electricity.
Ncondezi Energy Limited announced that its first Commercial and Industrial ("C&I") 400 kW solar power and 912 kWh batteries project in Mozambique is underway. According to the company, the construction site has been cleared and the installation of solar panels is due in the coming days. All tangible equipment, including solar panels and Tesla Powerpack, have passed Mozambique customs and are awaiting final transport to the site. Commissioning is scheduled for June 2021.
“The US $500,000 bridge loan full form agreement between wholly owned renewable subsidiary, Ncondezi Green Power, and certain Directors of the Company are at an advanced stage and due to be finalized in the coming weeks,” the company said. The bridge Loan is being provided to finance a portion of the construction costs for the commissioning of the battery storage facility.
The project will use advanced technologies: Tesla battery packs, JA Solar solar panels, and ABB inverters.
“This is the first of our pipeline of green energy C&I assets to near completion and is expected to provide near term revenue for the Company. Although the impact of COVID-19 delayed the Project delivery timetable, the demand for sustainable energy solutions that provide increased energy security whilst also reducing costs has become more robust. Corporates globally are implementing aggressive net zero emission reduction policies which are outpacing Government targets by up to 20 years,” said Ncondezi Chief Executive Officer, Hanno Pengilly.
© 2021, Eva Fox. All rights reserved.
We appreciate your readership! Please share your thoughts in the comment section below.