Investing in agrivoltaic assets in China, a first for SP Group

SP made its first investment in agrivoltaic assets in Guangdong, China. With a total installed capacity of 78 Megawatt-peak, the project will integrate solar photovoltaics with 7.8 Megawatt-hours battery energy storage systems across four existing agricultural sites in Dabu County, located in Meizhou, Guangdong Province. The solar-plus-storage model will improve the stability and resilience of the power grid with the capability to support periods of high electricity demand and tight electricity supply.

When completed at the end of 2023, the project is expected to generate 91.3 Gigawatt-hours of clean electricity and help Meizhou avoid over 91,000 tonnes of carbon dioxide emissions annually. The clean energy generated will help the region reduce usage of coal by close to 30,000 tonnes and  reduce annual sulfur dioxide and nitrogen oxide emissions by more than 2,700 tonnes and 1,360 tonnes respectively.

Read more here.