Narada announced the signature of a cooperation agreement to transact battery storage projects in China with EDF Renewables China.
The cooperation started with the acquisition agreement by EDF Renewables China of a battery storage owned and operated since September 2018 by Narada. The distributed 1.5MW/12MWh Zhenjiang Energy Storage solution is located in Jiangsu province, China.
The new agreement paves the way for the functional expansion of the project, which is set to provide up to 12,000kWh/day to a nearby recent industrial park.
"Narada is pleased to partner with EDF Renewables to deliver clean energy to its customers through Zhenjiang Energy Storage System project," said Mr. Wang Yueneng, Vice Chairman of Narada.
"EDF Renewables is excited about the partnership with Narada. Under this new innovative structure, with a battery storage system that can power the future by providing end-users with smart and sustainable energy solutions," said Mr. Tian Yue, CEO of EDF Renewables China.