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.
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.
Australia’s New South Wales has seen 532MW of firming projects contracted through its seventh infrastructure tender, securing two projects designed to strengthen electricity supply during periods of peak demand and system stress in the Sydney-Newcastle-Wollongong region.
China-headquartered energy storage firm Gotion and US power electronics manufacturer Richardson Electronics have partnered to manufacture BESS. It comes at a time when Chinese companies are starting to sell down stakes in US assets amid new FEOC rules.
