Ukrhydroenergo to raise $ 211 million to implement the energy storage + SPP project
The PJSC Ukrhydroenergo will raise $ 211 million from the International Bank for Reconstruction and Development and the Clean Technologies Fund to implement a project to install: lithium-ion energy storage systems (energy storage) with a capacity of 197 MW, as well as 64 MW of solar photovoltaic plants for charging.
The corresponding decision on the initiative of the Ministry of Energy was approved by the Cabinet of Ministers of Ukraine (CMU) at its weekly meeting on June 2, 2021.
It was noted that 197 MW of lithium-ion energy storage systems would be installed on the territories of the PJSC Ukrhydroenergo stations, which are planned to be used to provide ancillary services for frequency regulation and active power, including the frequency maintenance reserve and the frequency recovery reserve.
In addition, 63.9 MW of solar photovoltaic power plants will be installed to power the HPPs and PSHPs, and to charge the storage systems.