Jiangyan-based energy storage company Shuangdeng Group and India's leading energy company ACME Group have completed commissioning of their jointly developed energy storage project in Rajasthan, India.
The project is backed by a consortium of leading Indian commercial banks, including the State Bank of India and ICICI Bank, as well as local green finance institutions. The consortium has provided financial support through a non-recourse project finance arrangement.
The long-term, low-cost green financing provides capital support throughout the project's construction and implementation. With commissioning complete, Shuangdeng's energy storage system is set to be connected to India's renewable energy grid, supporting the country's energy transition.
The project marks a key step in Shuangdeng's overseas expansion and provides a real-world demonstration of its energy storage technology in South Asia's complex power environment.
Shuangdeng Group based in Jiangyan district. [Photo/WeChat account: jyrmzf]