The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Panama launching 500MW renewable energy and energy storage scheme

LinkedIn
Twitter
Reddit
Facebook
Email

Panama has launched a 500MW tender auction for renewables and energy storage, the first in Central America to include storage.

The bidding process – held by the national secretary of energy and state-owned electricity transmission company, Empresa de Transmisión Eléctrica SA (ETESA) – is seeking 500MW of capacity and will be held in the second quarter of 2024. Publication for the application will be released in February of this year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Winning bidders will need to have projects operational by 1 September 2026, for existing renewable projects and new solar PV plants.

Offtake agreements will be completed depending on three different schemes based on power for new or existing renewable projects supported with energy storage, energy from new or existing renewable projects, or firm power coupled with energy.

The government’s resolution can be accessed here (in Spanish).

See the full version of this article on PV Tech.

Read Next

February 29, 2024
EDF Renewables North America has signed a PPA with California utility Southern California Public Power Authority (SCPPA) for part of the offtake of a solar-plus-storage project in neighbouring Nevada with a 780MWh BESS.
February 29, 2024
The UK electricity system operator’s T-4 Capacity Market Auction (CMA) for delivery year 2027/28 cleared earlier this week (27 February) after two rounds at an “all-time high” clearing price of £65 (US$82.23)/kW/year.
February 28, 2024
Masdar Arlington Energy, Renewable Power Capital and TagEnergy have broken ground on, acquired and financed projects UK battery energy storage system (BESS) projects totalling 162MW of power.
February 27, 2024
Last week’s T-1 Capacity Market auction in the UK cleared at a slightly higher price than expected, and battery storage developers that successfully took part were the auction’s “big winners,” according to one analyst.
February 26, 2024
Results of the 18th Forward Capacity Auction (FCA) held by ISO New England have been filed, with energy storage’s participation having soared in recent years.

Most Popular

Email Newsletter