CitiCore Renewable Energy Corp., a listed green energy company, is advancing its energy storage capabilities with the recent signing of a supply and services agreement with Sungrow Power Supply Co., Ltd., a global leader in photovoltaic inverters and energy storage systems.
The partnership underscores CitiCore’s commitment to enhancing the capacity and reliability of its solar power projects across the Philippines.
Under the agreement, CitiCore will procure a total of 1.5 gigaWatt-hours worth of battery energy storage systems (BESS) from Sungrow. These systems will be integrated into CitiCore’s solar facilities nationwide, helping address the intermittency challenges faced by renewable energy sources. Sungrow will also provide engineering and construction design support to ensure the optimal application of the BESS, reinforcing the integration of energy storage with solar power generation.
“The immediate development of battery energy storage systems is crucial to maximizing the potential of our renewable energy facilities,” said CitiCore president and chief executive officer Oliver Tan. “This partnership helps us support the Department of Energy’s energy transition plan by providing power on a mid-merit basis, ensuring a stable and reliable energy supply.”
Sungrow’s Power Titan series, to be deployed in CitiCore’s facilities, offers several advantages, including lower levelized cost of electricity, high performance, and simplified operations and maintenance. These features will enable the listed green energy company to store energy produced by its solar plants and supply it when demand peaks, a process known as load shifting.
With its first 1 GW of renewable energy capacity nearing completion, CitiCore’s partnership with Sungrow is a key step toward achieving energy efficiency and independence. The collaboration moves the listed firm closer to its vision of powering the Philippines with 100% renewable energy, furthering the country’s transition to a sustainable, first-world energy future.
