REGIONAL ENERGY POLICIES

Peru energy storage investment 2 billion project

Lima, Peru – 5 July 2024 – Irish family company, Phelan Green Energy, led by Chairman Mr. Paschal Phelan, has announced a landmark US$2.4 billion investment to develop a large-scale green ammonia production facility in Peru. Mr. Phelan and his team, agreed the detail of the Project at a special, two hour meeting, with Peruvian Prime Minister, Mr. Gustavo Adrianzén and his Cabinet at the Presidencia del Consejo de Ministros del Peru in Lima this week. [pdf]

Belgrade s largest energy storage power station

Fortis Energy is reinforcing its presence in Southeast Europe’s renewable energy market with the development of the 110 MWp Erdevik Solar Power Plant, featuring an integrated 31.2 MWh Battery Energy Storage System (BESS) in Šid, Serbia.This hybrid solar and storage project represents a strategic investment aimed at enhancing grid reliability, integrating renewable energy, and reducing dependence on fossil fuels. [pdf]

Namibia 60MW Compressed Air Energy Storage Project

It Is Understood That the Construction Scale of This New Energy Storage Project Is 60MW/600mwh, and 250000 KW Photovoltaic Is Built. the Project Adopts a New Generation of Liquid Compressed Air Energy Storage Technology, Which Uses Electric Energy at Normal Pressure, Low Temperature, high-Density Liquefied Air Storage Will Become the World's First Demonstration Project in the Field of Liquid Air Energy Storage and the World's Largest Energy Storage Scale. [pdf]

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