Citicore Renewable Energy Corporation Awards 1.5GWh BESS Project to Sungrow

Citicore Renewable Energy Corporation (CREC) pushes forward with the development of its Battery Energy Storage Systems (BESS) through a recently signed supply and services agreement with Sungrow Power Supply Co., Ltd. (Sungrow), the global leading PV inverter and energy storage system provider.

Under the agreement, CREC will procure a total of 1.5 GWh worth of BESS from Sungrow to be used for CREC’s solar power projects nationwide. Sungrow will also provide support for the engineering and construction design to CREC to ensure the optimal application of the BESS to the latter’s solar facilities.

“The immediate development of battery energy storage systems is a necessary step to fulfill the maximum potential of our renewable energy facilities and is crucial to our support for the Department of Energy’s ambitious energy transition plan. With these installed together with in our solar facilities, we will be able to provide needed power on a mid-merit basis,” said CREC President and CEO Oliver Tan.

“We are happy to support CREC in its goals to advance energy storage systems in the Philippines. Through our technology, we will be able to help CREC and the Philippines with its power needs,” stated Sungrow VP of PV&ESS Shawn Shi.

Sungrow will be providing its Power Titan series which is capable of supporting both DC and AC coupling, with its lower Leverage Cost of Electricity (LCOE), higher performance, and easier operations and maintenance.

A BESS is a system which stores the electricity from power plants or the grid for various applications such as grid stability, energy efficiency, and renewable energy integration. This is especially important to renewable energy facilities such as solar power plants as it fills in solar's intermittency and variability limitations.

In CREC’s application of the BESS, this will be done through load shifting, which allows the storage of the energy produced by its solar plants and makes it available for consumption at different time periods.

With CREC’s 1st GW of renewable energy capacities nearing completion, its partnership with Sungrow is another step in achieving energy efficiency and independence, towards powering a First-World Philippines with pure renewable energy.

Citicore Renewable Energy Corporation (CREC) is a publicly listed, leading pure-play renewable energy company committed to the development and operation of solar, hydro and wind projects in the Philippines. CREC, directly and through its subsidiaries and joint venture, manages a diversified portfolio of renewable energy generation projects, engages in power project development operations, and participates in retail electricity supply. CREC is also the sponsor of the Philippine’s first and largest renewable energy REIT, Citicore Energy REIT (CREIT).

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 27 years. As of June 2024, Sungrow has installed 605 GW of power electronic converters worldwide. The Company is recognized as the world's No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the most bankable Asian energy storage company (BloombergNEF). Its innovations power clean energy projects in over 170 countries, supported by a network of 490 service outlets guaranteeing excellent customer experience. At Sungrow, we're committed to bridging to a sustainable future through cutting-edge technology and unparalleled service.