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.
Developer Akaysha Energy has received federal environmental clearance for its 400MW/1,600MWh Glenrowan battery energy storage system (BESS) in Victoria, with the project deemed “not a controlled action” under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
Australia has clawed back AU$1.3 billion (US$940 million) in uncommitted clean energy manufacturing funding, with the Solar Sunshot Program and Battery Breakthrough Initiative among the programmes hit by budget cuts announced this week.
