The companies Proquinal – a member of the Spradling Group – and Swissol, accompanied by government authorities, inaugurated the largest and most innovative project in storage of alternative energy in Costa Rica, which will reduce the pressure on public electricity generation and also contribute to the strategy of carbon neutrality for the country.
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The loan totalling 15 billion West African Francs (US$24 million) was approved last month (20 September) by the board of the BOAD (Banque Ouest-Africaine de Développement).
According to the statement, the project, owned by the special purpose company (SPC) Ojiya BESS LLC, will use CATL battery systems and is expected to be commissioned in 2029. It will operate under a 20-year tolling agreement with Tokyo Gas.
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