China Renewable Energy and Battery Storage Promotion Project

The objective of the Renewable Energy and Battery Storage Promotion Project in China is to promote the integration and use of renewable energy through the deployment of battery storage systems and innovative applications of renewable energy. This project is comprised of an Investment component. The proposed project will principally support the installation of battery storage systems and innovative RE applications. The investments to be financed by sub-loans from Huaxia Bank to sub-borrowers would include: (a) battery storage systems to be installed: at the generation level in existing wind farms and solar PV plants; at the grid level in existing substations; and, at the consumer level such as in industrial and commercial zones; (b) installation of DRE capacity with battery storage; and (c) scale-up of innovative RE applications such as RE for heating (geothermal and biomass) and for hydrogen production.