EDP Renewables Australia has secured AU$3 million in funding from ARENA to develop the Braidwood Renewable Microgrid Project.

Hungary is entering a new phase of its energy transition, opening up new opportunities for energy storage investment. But bankability is still a challenge, so equity investment is needed, writes lawyer Daniel Orosz.

Australia’s New South Wales (NSW) has opened two tenders seeking 2.5GW of renewable energy generation and 12GWh of long-duration energy storage, marking the largest generation procurement in the state’s history under its Electricity Infrastructure Roadmap.

Lenders are increasingly willing to back large-scale BESS projects in Germany that don’t have any contracted revenues, although that merchant risk is priced in to structures, an executive at Aquila Clean Energy EMEA said.

Large-scale BESS projects have been progressed in Italy, Romania, Germany, Poland, Denmark and elsewhere in Europe, totalling around 1GW under construction, 1GWh soon to be, and another 1GWh at earlier stages.

The Japanese association of grid operators has selected 19 battery storage projects totalling 1,251MW in the third running of a national capacity market auction.

Australian energy storage developer Enervest has acquired the Northern Border Battery, a 300MW battery energy storage system in development, from an unnamed Sydney-based developer.

Australia has surpassed 400,000 home battery storage installations under the federal government’s Cheaper Home Batteries Program.

Iberdrola Australia has submitted a 1,000MW battery energy storage system to Australia’s EPBC Act for federal environmental assessment.