German storage firm Qinous signs battery finance agreement with Bluetech

Share

German battery storage integration firm Qinous has announced today the creation of a cooperation agreement with Bluetech Financing Solutions that will target the rollout of battery storage solutions in a handful of targeted markets.

Qinous will offer its stanadardized plug-and-play batteries and software to commercial, industrial and public service customers in Australia, Gulf Cooperation Council (GCC) countries of the Middle East, and the Pacific Islands.

Project financing and development services will be provided by Bluetech Financing to these same clients, with the aim being to reduce upfront costs to facilitate wider and swifter adoption of storage solutions in these key growing, island and off-grid markets for solar PV.

Qinous has targeted those nations most severely affected by climate change, particularly those that have to rely on expensive diesel to provide back-up – or often a main source of – power. According to Qinous, the cost of producing electricity in island nations regularly exceeds $0.40/kWh, and can rise about $1/kWh once storage, O&M and transport costs are factored in.

"We see islands as one of the key opportunities to save on emissions and costs," said Blutech’s Adam Hammond. "However, there are many other off-grid locations where utilities are running diesel for remote communities. Wherever diesel is involved, the payback of installing solar PV and energy storage is usually very fast."

Qinous’ George Hanna added that such locations can benefit from smart financing packages for storage from day one, and by targeting these regions the technology – and the financial innovations that support it – can establish a solid foundation that will support global growth.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Chinese developer switches on world’s largest perovskite-based PV plant

09 December 2024 MicroQuanta, a Chinese perovskite solar specialist, has commissioned a 8.2 MW PV facility based on its 90 W perovskite panels in eastern China.

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.