Asset manager MEAG has acquired a 92.5MW/231MWh BESS in Germany, fully merchant-financed, which optimiser Entrix will trade in the electricity market.

The Capacity Market (CM) in Germany will offer a new potential revenue stream for BESS, but not all developers and owner-operators are convinced.

A pinch under 6GWh of grid-scale BESS was approved for construction in the UK last month, bringing the total with planning consent to nearly 130GWh.

Germany is regularly described as Europe’s hottest market for energy storage, but its current regulatory framework is holding it back and changes down the line are also a concern.

Spain’s Ministry of the Environment has formally launched its latest financial support scheme for energy storage, aiming to kickstart the deployment of 2.5-3.5GW of projects.

The government of South Africa has revealed the preferred bidders in the third window of its Battery Energy Storage Independent Power Procurement Programme (BESIPPPP), with IPPs Mulilo and Scatec winning the projects.

Ingrid Capacity and SEB have broken ground on a large-scale BESS in Finland, while Monsson has acquired a project in Sweden which it will start building in June.

A c.500MWh BESS project in Bulgaria has been inaugurated, claimed as the largest in the European Union (EU).

Utility and power generation firm RWE will trade 50MW/100MWh of BESS capacity in Germany from the virtual aggregation platform of startup Terralayr under a five-year agreement.

Italy and Spain are set to soar as energy storage markets with multiple gigawatt-hours under construction and much more in the pipeline, but there are questions around the regulatory frameworks driving deployments in each country.