NHOA: a performance bond for a project in Australia

(CercleFinance.com) - NHOA Energy announces that it has been granted a performance bond with an initial value of AUD 87.
7 million, issued by BNP Paribas and partially guaranteed by SACE, to support clean energy storage in Australia.

In Blyth, South Australia, the Italian company is building a battery-based energy storage system to store energy generated by renewable sources, with a capacity of 400MWh.

BNP Paribas and SACE have also supported NHOA Energy in another project involving a similar system with a capacity of 113MWh in Coylton, Scotland, by issuing commercial guarantees for £4 million.

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