Narada signs Cooperation Agreement with EDF Renewables for battery storage projects in China
Date
September 30, 2019
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
China
Subsectors
Energy Storage
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Narada has signed a cooperation agreement to transact battery storage projects in China with EDF Renewables China, Chinese subsidiary of a global player in renewable energies.
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 1.5 MW/12 MWh 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.
