Saudi Arabia and the United Arab Emirates are taking advantage of falling prices to load up on Chinese-made battery energy storage systems, so they can boost their renewable energy ambitions. Battery storage systems are seen as crucial to integrating solar and wind energy into electrical grids.
Meanwhile, the UAE has launched a “gigascale” solar and battery project in Abu Dhabi, which is planned to provide baseload energy 24 hours a day. The plant will have a 19GWh battery storage system, and is a partnership between utility Emirates Water and Electricity Company and renewables group Masdar.
Rystad Energy expects Saudi Arabia’s battery energy storage capacity to surpass 11 gigawatt hours (GWh) by the end of the year, from zero at the start of 2024. According to the consultancy, Saudi Arabia plans to have the world’s fifth-largest utility-scale battery storage capacity, after China, the US, Australia and the UK.
Meanwhile, technology for Abu Dhabi’s round-the-clock solar and battery project will be provided by Chinese battery maker CATL, whose listing in Hong Kong in May was the world’s biggest so far this year. Kuwait’s sovereign wealth fund was among the cornerstone investors.
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Saudi Arabia and the United Arab Emirates are taking advantage of falling prices to load up on Chinese-made battery energy …
Saudi Arabia and the United Arab Emirates are taking advantage of falling prices to load up on Chinese-made battery energy storage systems, so they can boost their renewable …
A high-level delegation from Dubai Electricity and Water Authority (DEWA), led by MD & CEO HE Saeed Mohammed Al Tayer, …
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