Sweden's Azelio AB (FRA:4AZ) plans to install more than 65 MW of energy storage systems in India until 2025 in cooperation with local renewable energy producer Atria Power.
The two companies have entered into a memorandum of understanding (MoU) to outline the terms of the collaboration, which marks Azelio’s first operation in the country. The pair will start with small-scale commercial installations of 100 kW in 2021 and proceed with larger projects with an expected total of 12 MW in 2023, 18 MW in 2024 and 35 MW in 2025.
The cooperation with Azelio will help Atria expand its domestic business offering. It will use its partner’s technology to store energy and deliver both electricity and heat to its customers as well as potable water and cooling for rural villages and communities in India.
At present, Atria Power has 522 MW of operational renewable energy plants, including 373 MW of wind farms and 100 MW of solar parks. The company is also developing a further 350 MW.
