Where is a lithium-ion battery project located in Colombia?

Located in the city of Barranquilla in northern Colombia, this project will consist of a 45 MWh lithium-ion battery energy storage system and is expected to reach commercial operation by June 2023. The project is granted with a 15-year revenue structure with the Colombian government and is indexed to the country's inflation or producer price index.

Did Canadian Solar win the first Pure Storage tender in Colombia?

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, "We are very proud to have won this project in the first pure storage tender in Colombia. This is also our first energy storage project in the country and the Latin America region.

Who is solar power & battery storage company?

It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development.

How much will lithium-ion batteries cost in 2030?

In fact, between 2010 and 2018, the price of lithium-ion batteries was reduced by 85% —a reduction that could be even greater, reaching prices of USD $ 62/kWh in 2030 .

Can a Bess be installed in a Colombian electrical system?

Note that, for all the case studies, the NPV is negative, indicating that in none of them is it feasible to install a BESS in the Colombian electrical system to only perform energy arbitrage. Moreover, it is observed that the system with greater capacity does not necessarily represent the best financial option.

How does C-rate affect energy storage charge operation?

Note that, for cases A and E, there is a growth in total incomes as the C-rate increases due to a lower exposure to the market prices, since charging/discharging periods are shorter for BESS with high C-rates than for BESS with low c-rates, as shown in Figure 10. Figure 10. Energy storage charge operation for 10 May 2020, Study case A.