The low level of the MACSE tariffs in Italy took everyone by surprise and will require careful asset management, but their relative value and those of the capacity market (CM) should increase over time.
The US development arm of Milan, Italy-headquartered developer Nadara has encountered a setback in its pursuit of a 200MW hybrid BESS destined for Arizona.
State-backed power firm PPC Renewables has launched construction on its a large-scale BESS in Greece, for which Trina Storage will supply the energy storage technology.
On 4 September, US Immigration and Customs Enforcement (ICE), along with multiple other law enforcement organisations, raided Hyundai Motor and LG Energy Solution’s electric vehicle (EV) battery cell plant in Ellabell, Georgia, US.
Queensland Investment Corporation (QIC) and EDP Renewables Australia have signed an exclusivity agreement to develop the Punchs Creek Renewable Energy Project, a 1,600MWh solar-plus-storage project in Queensland’s Toowoomba region.
Hassan Allam Utilities and Infinity Power have signed agreements with Egypt’s Ministry of Electricity and Renewable Energy and the Egyptian Electricity Transmission Company for two renewable energy projects in the country.
The government of Spain has chosen the 143 energy storage projects that will receive capex support from an EU-backed scheme, totalling nearly 9GWh of capacity.
