Financing secured for Timor-Leste’s first solar-storage project - pv magazine Global
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Financing secured for Timor-Leste’s first solar-storage project
A $123 million (USD 85.7 million) financing package has been signed off for a 73.7 MW grid-connected solar plant tied to an 80.2 MWh battery energy storage system in Timor-Leste, approximately 722 kilometres northwest of Darwin. The project is both Timor-Leste’s first utility-scale solar-plus-storage project and its first independent power producer project. It will be operated by Manatuto Renewables Power, a joint venture company between French …
Timor-Leste has closed a financing package for $85.7 million (about €78 million) to build its first large solar energy project with storage, a milestone that kicks off the energy transition of the small country of Southeast Asia, today still dependent almost entirely on imported diesel. The plant, located in the Manatuto region, will be developed by Manatuto Renewable Power, a joint venture between French EDF and the Japanese Itochu Corporation.
Financing secured for Timor-Leste’s first solar-storage project - pv magazine Global
An $85.7 million financing package has been signed off for a 73.7 MWac grid-connected solar plant tied to an 80.2 MWh battery energy storage system in Timor-Leste. The project is both Timor-Leste’s first utility-scale solar-plus-storage project and its first independent power producer project. It will be operated by Manatuto Renewables Power, a joint venture company between French utility EDF and Japan’s Itochu Corporation. The funding package w…
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