The new service, called Release – by Scatec Solar, offers companies flexible leasing agreements of pre-assembled solar and battery equipment, from 1 to 20 MW capacity. The solution is particularly attractive for companies in remote locations that rely on diesel driven power generators and would like access to cost efficient and clean energy. Today, approximately 600 GW of large-scale diesel is installed globally. This represents a significant market opportunity for smaller scale solar power.
The company has partnered with UK-based Cambridge Energy Partners to deliver the container-based tracker solution. The bifacial solar panels are pre-assembled and are shipped in containers, delivered and installed at customers’ sites. The modular system enables scalability, quick installation and redeployment.
A battery storage solution is an integral part of the Release offering. The batteries can either be utilised to optimise diesel and solar uptake by reducing spinning reserve and optimising load, or to shift solar PV production from day to night.
Given the ease of redeploying the solar plants, Release offers a flexible contract duration for customers. The combination of a leasing agreement and flexible contract length greatly reduces the customer’s financial liabilities. Furthermore, using the customers own site for the solar plant means that less permits and licenses are required, which combined with our pre-assembled product results in shorter preparation and installation time.
The typical Release-customer is an industry player operating in remote locations, for example off-grid mining operations powered by diesel. However, the solution is also applicable for small utilities with diesel or thermal generation, or on-grid users with high cost of electricity and unreliable power supply. The UN or NGO’s can also benefit from such solar power plants.
Initially, Release is targeting the African market with its new container based solar plant solution. A broad pipeline of projects is already under development with a diversified range of customers. Scatec Solar will operate and manage the operations with a dedicated team based on proven capabilities. Release is currently also developing opportunities in Asia and Latin America.
To learn more about Release, visit www.releasesolar.com