CREC, Sungrow sign pact for BESS project
By Lenie Lectura – December 10, 2024
from Business Mirror
Ciiticore Renewable Energy Corp. (CREC) has awarded a supply and services contract to Chinese firm Sungrow Power Supply Co. Ltd. (Sungrow) for the development of its 1.5-gigawatt hour (GWh) battery energy storage systems (BESS) project.
BESS stores electricity from power plants or the grid for various applications, such as grid stability, energy efficiency, and renewable energy integration. This is especially important to renewable energy facilities such as solar power plants as it fills in solar’s intermittency and variability limitations.
Under the agreement signed last December 6, CREC will procure a total of 1.5 GWh worth of BESS from Sungrow to be used for CREC’s solar power projects nationwide. Sungrow will also provide support for the engineering and construction design to CREC to ensure the optimal application of the BESS to the latter’s solar facilities.
The amount of the contract was not disclosed.
“The immediate development of battery energy storage systems is a necessary step to fulfill the maximum potential of our renewable energy facilities and is crucial to our support for the Department of Energy’s (DOE) ambitious energy transition plan.
With these installed together with in our solar facilities, we will be able to provide needed power on a mid-merit basis,” said CREC President and CEO Oliver Tan.
Sungrow Vice President Shawn Shi said the technology that it will deploy for CREC’s BESS project will help “CREC and the Philippines with its power needs.”
Sungrow will be providing its Power Titan series which can support both DC and AC coupling, with its lower leverage cost of electricity (LCOE), higher performance, and easier operations and maintenance.
“We are happy to support CREC in its goals to advance energy storage systems in the Philippines,” added Shi.
In CREC’s application of the BESS, this will be done through load shifting, which allows the storage of the energy produced by its solar plants and makes it available for consumption at different time periods.
CREC has a diversified project portfolio comprising of solar, hydro and wind energy. As of August, this year, it currently has a combined gross installed capacity of 285 megawatts (MW) from its 10 solar power facilities strategically located around the Philippines.
Earlier, the company said around 800 MW of renewable energy projects are now considered energy projects of national significance. The projects are comprised of 430 MW of ground mount solar and 362 MW of onshore wind developments, located in 8 provinces: Pangasinan, Bataan, Pampanga, Batangas, Quezon, Camarines Sur, Iloilo, and Negros Occidental. These are all part of the company’s goal to build 5 GW of clean energy capacity in five years.
