Engie Storage Announces 19MW/38MWh Community Solar and Energy Storage Project Portfolio in Massachusetts

Pubblicato su 07 ago 2019
Engie 
Engie Storage today announced it will supply and operate a 19MW/38MWh portfolio of six energy storage sites that will contribute to the Solar Massachusetts Renewable Target Program and participate in ISO-New England wholesale markets.

Engie Storage will provide Syncarpha a complete, turn-key GridSynergy® hardware and software solution, and will operate the storage system for 20 years. Further, under a Market Participation Agreement executed for each of the six energy storage sites, Engie Storage will pay fees in exchange for the rights to operate the solar and energy storage system in the ISO-NE wholesale capacity, reserves, and frequency regulation markets.

"Syncarpha selected Engie Storage for the portfolio due to Engie's sophisticated and integrated offer, leading software, operational experience, and bankability," said Cliff Chapman, chief executive officer at Syncarpha. "Working with Engie creates incremental value for these assets in addition to the SMART program and meets the financial and risk requirements of tax equity investors and lenders."

"Syncarpha has extensive experience developing and operating solar assets in Massachusetts," said Christopher Tilley, chief executive officer at Engie Storage. "They have been great to collaborate with on such a pioneering business model. Through this agreement we will be able to leverage our strengths to achieve a greater outcome for both parties. This announcement will be the first of many as Engie Storage is executing more than 100MWh of solar and storage contracts with market participation agreements for the SMART program."

The projects are expected to come online in late 2019 and early 2020.


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Engie (Installatori di Pannelli Solari): https://it.enfsolar.com/engie
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