Aspen Power monetises ITC credits from two-state PV portfolio
Sep 20, 2024 7:04 CESTThe government of Antigua and Barbuda and a UK-based clean energy firm formed by Swiss energy group Meeco AG and B&S Property (UK) officially marked the completion of a 3-MWp solar-plus-storage system in the Caribbean country last week.
PV Energy Ltd, the entity in charge of the scheme, constructed the plant at the VC Bird International Airport. The facility consists of over 12,000 ground-mounted polycrystalline photovoltaic (PV) panels combined with Meeco’s energy management and storage system, called sun2safe.
The sun2l ive system is estimated to be able to generate up to 4.645 MWh of electricity per year, according to a press statement. Its output will be enough to offset about 3,020 tonnes of carbon dioxide (CO2) emissions annually.
The solar park is part of an agreement between PV Energy and the government of the twin-island country that calls for the addition of 10 MWp of solar power capacity in total. Apart from this array, the firm will also install 4 MWp of PV capacity in the Bethesda area on Antigua and a 1-MWp solar system on Barbuda along with 2 MWp of sun2roof installations on over 50 schools and public buildings.
“This important initiative in the energy sector, utilising state-of-the-art technologies, will allow us to reduce our foreign exchange outlays for imported fossil fuel, while developing our indigenous energy resources and contributing towards our goal of reducing our carbon footprint,” Prime Minister and Minister of Finance and Corporate Governance, Gaston Browne, noted. Ultimately, Antigua and Barbuda aims to source 20% of its electricity from renewables.
Aspen Power monetises ITC credits from two-state PV portfolio
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