SCHENECTADY, N.Y.— June 4, 2014—The government of Equatorial Guinea has selected MAECI Solar, a division of Management and Economic Consulting, Inc., in collaboration with GE Power & Water (NYSE: GE) and Princeton Power Systems, Inc., to install a 5-megawatt (MW) solar microgrid system on Annobon Province, an island off Equatorial Guinea in west central Africa. The solar microgrid will feature 5-MW solar modules and system integration by MAECI, an energy management system and controls from Princeton Power Systems and energy storage from GE. The island-wide microgrid will provide reliable, predictable power, supply enough electricity to handle 100 percent of the island's current energy demand and be the largest self-sufficient solar project on the continent of Africa.
Annobon Province has a population of approximately 5,000 residents. Today, the residents have reliable electricity for up to five hours per day and spend an average of 15-20 percent of their income on supplemental power. The solar microgrid in development will eliminate this expense entirely and provide reliable electricity 24 hours a day, seven days a week. The project is a part of Equatorial Guinea's National Economic Development Plan Horizon 2020, which aims to make Equatorial Guinea an "emerging economy" and accelerate its development and democratization by 2020.
s batteries, in addition to toxic and recyclable materials and worldwide support.
Princeton Power Systems, based in New Jersey and founded in 2001, designs and manufactures state- of-the-art technology solutions for energy management, microgrid operations and electric vehicle charging. The company is a global leader working with customers and partners across North America, Europe, Africa and the Caribbean. It manufactures UL and CE-certified power electronics that are used in advanced battery operations and alternative energy, with built-in smart functions for ancillary services. The company solves power issues to allow continued growth of distributed renewable energy by providing energy storage solutions that are proven to work, even in harsh environments. Princeton Power Systems builds integrated systems and designs, commissions and operates microgrids for leading organizations, including Fortune 500 automakers and industrials and non-profit organizations. The company proudly manufactures its products in the United States. More information about Princeton Power Systems is available at www.princetonpower.com.
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