Gransolar closes the sale of a 440 MWh storage pipeline to Aquila Capital in Australia


Gransolar, a company dedicated to renewable energies that includes, among others, E22 as a specialist in energy storage, has agreed to sell a ‘pipeline’ of storage facilities in Australia for a total of 440 megawatt hours (MWh), with 220 MW of capacity, to the investment fund Aquila Capita, as reported in a statement.

The company has explained that the operation, whose figures have not been released, is part of its strategy to close the year with the transfer of a total of 2 gigawatt hours (GWh) in a strategic market in which “a spectacular development of the short-term energy storage.

The agreement reached with Aquila Capital includes the sale of three stand-alone ion-lithium Battery Energy Storage System (BESS) projects under development in South Australia, which E22 will deliver in the ‘ready-to-build’ phase. The companies trust that the alliance will translate into many other projects to take advantage of the business opportunities offered by the energy transition.

The Spanish company has focused this year on Australia as a strategic market with “enormous possibilities” to develop a business model, in addition to the transfer of projects in the development phase, which it plans to replicate in other decisive countries, such as the United States or United Kingdom.

The head of International Business Development at Gransolar, Francisco García García, has emphasized that it is “an important alliance with a robust partner, which will contribute to promoting Battery Energy Storage Systems (BESS) at the forefront of the market “.

For his part, the general director of E22, Jaime Vega, highlighted the relevance of storage in the change of the energy model.

“There is no doubt that this is a crucial time for energy storage business forecasts and for the growth of E22. We have the ability to quickly adapt to the specificities of each market and we can identify the most valuable partners to realize our projects”, commented Vega.

In this new business scenario, E22 has made sure to launch new alliances with strategic partners that can contribute to the success of projects around the world.

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