Brief: Yeo Teknoloji Says Solesco3 Signs Deal for Türkiye's First ESCO-Model BESS Projects, With $40 Mln Investment Planned
BRIEF-Yeo Teknoloji Says Solesco3 Signs Deal for Türkiye's First ESCO-Model BESS Projects, With $40 Mln Investment Planned July 13 (Reuters) - Yeo Teknoloji Enerji ve Endustri AS YEOTK.IS:
YEO TEKNOLOJI - SOLESCO3 SIGNS AGREEMENT FOR TWO 120 MWH BESS PROJECTS UNDER TÜRKİYE'S FIRST ESCO MODEL
YEO TEKNOLOJI - TOTAL EXPECTED INVESTMENT FOR PROJECTS IS ABOUT $40 MILLION; COMMISSIONING EXPECTED IN H1 2027
YEO TEKNOLOJI - AGREEMENT INCLUDES TURNKEY EPC, FIVE-YEAR OPERATION, AND TRANSFER TO PROJECT OWNERS
SUBSIDIARY CALL ENERGY INC, AND SOLUTION PARTNER INAVITAS ENERGY INC. HAVE FORMED SOLESCO3 RENEWABLE ENERGY INC. AS A SPECIAL PURPOSE VEHICLE (SPV) FOR THIS PROJECT
SOLESCO3 IS OWNED 70% BY CALL ENERGY INC. AND 30% BY INAVITAS ENERGY INC
SOLESCO3 SIGNS AN AGREEMENT WITH COMPANIES WITHIN SAVES ENERGY INC. GROUP, ACTIVE IN ENERGY INVESTMENTS AND ELECTRICITY TRADING, FOR IMPLEMENTATION OF TWO BATTERY ENERGY STORAGE SYSTEM (BESS) PROJECTS WITH A TOTAL STORAGE CAPACITY OF 120 MWH UNDER TURKEY'S FIRST BUILD-OPERATE-TRANSFER (ESCO) MODEL IN BATTERY ENERGY STORAGE SECTOR
AGREEMENT COVERS PROJECT FINANCING, TURNKEY ENGINEERING, PROCUREMENT AND CONSTRUCTION OF BATTERY ENERGY STORAGE SYSTEMS (BESS), HIGH-VOLTAGE SUBSTATIONS AND GRID CONNECTION INFRASTRUCTURE, OPERATION OF FACILITIES FOR FIVE YEARS, AND THEIR TRANSFER TO PROJECT OWNERS AT END OF OPERATING PERIOD
BATTERY ENERGY STORAGE SYSTEMS WILL BE INSTALLED AT STORAGE FACILITY INTEGRATED WITH THE ÇAMLICA HYDROELECTRIC POWER PLANT OWNED BY ÇAMLICA HYDROELECTRIC INC. AND AT THE STANDALONE ENERGY STORAGE FACILITY OWNED BY KAYSERI STANDALONE STORAGE INC., BOTH OF WHICH ARE COMPANIES WITHIN SAVES ENERGY INC. GROUP
BATTERY ENERGY STORAGE SYSTEMS WILL BE MANUFACTURED BY OUR SUBSIDIARY REAP BATTERY TECHNOLOGIES INC., WHILE POWER CONVERSION SYSTEM (PCS), THE ENERGY MANAGEMENT SYSTEM (EMS), AND THE AI-POWERED ENERGY TRADING PLATFORM WILL BE SUPPLIED BY OUR SOLUTION PARTNER, INAVITAS ENERGY INC
Source text: ID:nIKA1yRcm5
Further company coverage: YEOTK.IS
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