Solar+ BESS Project in Palau by Philippines' RE Firm Altenergy Headed Towards Completion

• Philippines-based leading representative of solar photovoltaic or pv products as well as battery storage solutions Alternergy has shared that a solar PV and also battery storage project in the Republic of Palau, is headed towards completion.
• The solar hybrid project is for15.3-megawatt peak solar photovoltaic or pv as well as 12.9-megawatt-hour battery energy storage system in the Ngatpang state on Babeldaob, Palau's biggest island.

Philippines-based leading supplier of solar photovoltaic or pv products and also battery storage solutions Alternergy has actually shared that a solar PV and battery storage project in the Republic of Palau, is headed towards completion. The project will certainly kickstart in April following year.

Alternergy has investments covering throughout RE innovations- solar, wind, hydro. At the same time, it is additionally considering the development of the offshore wind farm.

The claimed project is being undertaken through Altenergy's subsidiary Solar Pacific Energy Corporation (SPEC). The solar hybrid project is for 15.3-megawatt peak solar photovoltaic or pv as well as 12.9-megawatt-hour battery energy storage system in the Ngatpang state on Babeldaob, Palau's biggest island. The project will mark the subsidiary's entry right into the overseas market.

The ambitious project will assist fulfill over 20 percent of Palau's annual energy needs and will certainly provide virtually 23,000 MWh of clean and renewable power.

" Our Palau hybrid project is also among the greatest straight foreign financial investments in Palau with a project price of $29 million as well as is creating regional employment and tax revenues to the nation," claimed Solar Pacific CEO Mike Lichtenfeld.

A money plan worth $22 million was assisted in by Export Money Australia with the Australian Infrastructure Financing Facility for the Pacific program of Australia's Department of Foreign Affairs as well as Trade. With this, Palau's objective to augment renewable energy share in energy mix to 45 percent by 2025 will certainly be achieved.

" Our Palau Solar PV + Battery Storage Project is already 65 percent total. We expect to commence business procedures by April 2023," claimed Vince Pérez, Alternergy and also Solar Pacific's Chairman, while adding, "Alternergy as well as Solar Pacific saw the possibility to discover the electrical power market outside the Philippines and we are honored to be the very first independent power producer (IPP) in the Republic of Palau."

Alternergy has its sights set on 1,370 megawatts of added wind, offshore wind, solar and run-of-river hydro projects over the duration of the next 5 years.

In March this year, Queensland firm CS Energy revealed that it was building a 2MW/4 MWh battery system implied to serve the 700 kW hydrogen electrolyser and gas cell as well as the hydrogen generated in the facility was to be exported to Palau.