Major renewable energy project to provide continuous green electricity
- TotalEnergies launches construction of a 216 MW solar plant with battery storage in South Africa
- The project will supply dispatchable renewable electricity to the national grid for twenty years
- The storage system will enable the project to supply 75 MW of dispatchable power to the national utility Eskom on a continuous basis
- The project is expected to be operational in 2025
- TotalEnergies aims to reach 35 GW of renewable electricity generation installed capacity by 2025
TotalEnergies and its partners have announced the launch of a major hybrid renewables project in South Africa. The project consists of a 216 MW solar plant and a 500 MWh battery storage system, which will manage the intermittency of solar production. Located in the Northern Cape province, the project will supply dispatchable renewable electricity to the South African national grid for twenty years. With the storage system, the project will provide 75 MW of dispatchable power to the national utility Eskom on a continuous basis, even during periods of low sunshine. The project is expected to be operational in 2025 and is part of the country’s efforts to develop electricity generation capacity and alleviate electricity supply constraints. TotalEnergies aims to expand its renewable electricity generation capacity to 35 GW by 2025.
Public Companies: TotalEnergies (TTE)
Private Companies: Hydra Storage Holding, Reatile Renewables
Key People: Vincent Stoquart (Senior Vice President, Renewables at TotalEnergies)
Factuality Level: 9
Justification: The article provides factual information about the construction of a major hybrid renewables project in South Africa, including details about the solar plant, battery storage system, and power purchase agreement. It also includes a quote from a senior executive at TotalEnergies. There are no digressions, misleading information, sensationalism, redundancy, or opinion masquerading as fact. The article is focused and provides accurate and objective information.
Noise Level: 8
Justification: The article provides information on a major hybrid renewables project in South Africa, including the capacity of the solar plant and battery storage system, the Power Purchase Agreement, the consortium developing the project, and the expected operational timeline. It also includes a quote from a TotalEnergies executive and information about TotalEnergies’ renewable energy goals. The article stays on topic and provides relevant information without diving into unrelated territories. However, it lacks scientific rigor and intellectual honesty as it is a press release from TotalEnergies and contains promotional language. It also does not provide evidence, data, or examples to support its claims. Overall, the article contains some useful information but is primarily promotional in nature.
Financial Relevance: Yes
Financial Markets Impacted: The construction of the major hybrid renewables project in South Africa by TotalEnergies and its partners may impact the renewable energy sector and companies involved in the project.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the construction of a major renewable energy project in South Africa, which is relevant to the financial markets. However, there is no mention of any extreme events or their impact.
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