Electricite de France and Itochu Corporation form joint venture to build $107M hybrid PV BESS facility in Timor-Leste

Type: Partnership · Technology: Hybrid · Country: Timor-Leste · Value: $107M · Announced: 2026-07-24

Electricite de France and Itochu Corporation announced a joint venture to develop a hybrid photovoltaic battery energy storage system (PV BESS) facility in Timor-Leste. The project carries a total investment of $107 million and will be built as a hybrid solar‑storage plant. Construction is scheduled for completion in 2028, and the facility is expected to supply roughly 30% of the country's electricity demand. The new plant aims to cut East Timor's annual fuel import bill by $25‑30 million, freeing resources for health, education, and other national programmes. The partnership reflects both companies' strategy to diversify energy sources and reduce reliance on imported fuels.

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