Qcells, a leading global provider of photovoltaic (PV) and energy storage solutions.Image Credit: Google
It has closed a US$150 million financing deal for the largest standalone battery energy storage system (BESS) in Texas’ Electric Reliability Council of Texas (ERCOT) market.Image Credit: Google
The system, which will have a capacity of 400 megawatts (MW)/1,600 megawatt-hours (MWh).Image Credit: Google
It is currently under construction in Austin, Texas and is scheduled to be operational by the end of 2020.Image Credit: Google
The project was developed by Qcells and will be owned and operated by an affiliate of Macquarie’s Green Investment Group (GIG).Image Credit: Google
This is GIG’s second investment in battery storage in the ERCOT market, following the acquisition of a majority stake in the Notrees Battery Storage Facilityin 2017.Image Credit: Google
The project has a 20-year power purchase agreement with Austin Energy, the municipally-owned utility for the City of Austin.Image Credit: Google
“We are delighted to be working with Qcells on this innovative project.Image Credit: Google
Which will help unlock the full potential of renewable energy in the ERCOT market,” said Edward Northam, Head of GIG in the Americas.
“This is a further example of our commitment to invest in battery storage as a key enabler of the energy transition.”
The Qcells project will be one of the largest battery storage systems in the world and is another example of GIG’s commitment to investing in large-scale, clean energy infrastructure.