ESG Post

In Brief

Enel Green secures $125.7M for energy storage system

Italy’s Enel Green Power has secured financial support of US $125.7 Million for their solar and battery storage capacity in New South Wales, Australia. Using these funds, the company will construct a 98-MW photovoltaic (PV) park with a 20-MW/40-MWh battery energy storage system.

This solar farm is expected to be fully functional by 2026, can generate around 210 GWh of electricity annually, which will be able to meet the demand of about 45,000 local homes.