Constructions at Bastogne, Belgium, will start in a few days’ time, and the project will start operation by mid-2021
The project marks a milestone in electricity storage development: it demonstrates that battery storage provides for a fully-fledged alternative to conventional flexibility sources, and can be developed on a large scale and source non-recourse debt while fully merchant exposed.
During a signing ceremony held on the 29th of November 2018 at the Belgian Embassy in Tokyo, TEPCO Power Grid Inc. (TEPCO) and Infra Asia Investment (IAI, Rent-A-Port Group’s holding for industrial zone development in Viet Nam), entered into an agreement for TEPCO to become a shareholder of DEEP C Green Energy.
This workshop was co-organized with Elia Grid International and focused on ‘tools and practices for system operators to reduce the costs of renewables connection and integration to the grid’.
DEEP C Green Energy at the forefront of renewable development in North Viet Nam with the 2 first erected wind masts in that region.
Last week, two 100m high met masts were commissioned on the DEEP C industrial zone in Hai Phong, (North) Viet Nam. The measurement campaign kicked off with this installation aims to set the path for the development of a full-scale wind farm of 30MW, for which Commercial Operation is targeted in by end 2019.
On 17 September 2017, Rent-A-Port hosted a top-level Vietnamese governmental delegation ahead of to their official visit to Belgian government starting the day after.
Deputy Prime Minister Mr. Vuong Dinh Hue chaired the delegation, including among others the Chairman of EVN Mr. Duong Quang Thanh, the Vice Chairman of the Office of the Government Mr. Nguyen Sy Hiep, Deputy Minister of Planning & Investment Mr. Nguyen The Phuong, the Deputy Minister of Foreign Affairs Mr. Nguyen Quoc Dung, the Deputy Ministry of Industry & Trade Mr. Do Thang Hai, and the Deputy Minister of Finance Ms. Vu Thi Mai.
For the last 4 years, Rent-A-Port Green Energy has together with other private and public partners investigated the feasibility of green field electricity storage development in Belgium.
On the long term, the consortium contemplates the development of a project combining 40 MW Lithium-ion battery with 120 MW greenfield pumped-hydro storage in the southern part of Belgium.
Relying on its expertise in wind power and innovative project development and financing, Rent-A-Port Green Energy currently supports the DEEP C Industrial Zones (a cluster of 5 industrial zones in North VietNam, with a total area of 2500 ha from which Rent-A-Port is controlling shareholder) in materializing its ambitions of being able to supplying renewable power to the manufacturing facilities installed on the industrial zone.
Rent-A-Port Green Energy was present as a Silver Sponsor at the “New York Times - Energy for Tomorrow” Conference held in Paris on 3-4 November 2016.