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China scraps energy storage mandate for renewable energy plants
In a major policy shift towards electricity market liberalization, China has introduced contract for difference (CfD) auctions for renewable energy plants and removed the energy storage mandate, which has driven up to 75% of the nation's demand to date. S&P Global expects the move to reverberate throughout the global battery energy storage supply chain, further driving down prices that are already at historically low levels.
Mar 14, 2025
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Philippines issues terms for renewables auction with storage
Pairing solar plants with battery energy storage systems (BESS) will be the main strategic focus for the country's upcoming renewable energy auction. Each project must have a minimum storage duration of four hours to ensure sufficient grid support and energy reliability.
UK T-4 auction paves the way to nearly 7 GW of new BESS capacity by 2028
Out of the 6.9 GW of battery energy storage systems (BESS) prequalified, which translates into 1.9 GW derated capacity, around 1.8 GW of derated BESS secured 15-year contracts in the UK's T-4 auction. This is nearly two time more than the volume procured last year. Only a week earlier, a record for BESS procurement was also set in the T-1 procurement.
UK regulator reveals criteria of LDES cap-and-floor scheme
Long duration energy storage (LDES) support scheme will have eight-hour minimum. First application round opens to well-established technologies, such as lithium-ion battery technology, with at least 100 MW capacity in April 2025. Flow batteries, compressed air, and liquid air likely to progress in second round, says regulator.
Renewco, Atlantica join hands on 2.2 GW standalone BESS rollout in Spain
The UK-based developer has found an investment partner for its gigawatt-scale battery energy storage system (BESS) pipeline in Spain. The projects would connect to select transmission substations across the country, subject to the forthcoming grid capacity auctions.
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China scraps energy storage mandate for renewable energy plants
In a major policy shift towards electricity market liberalization, China has introduced contract for difference (CfD) auctions for renewable energy plants and removed the energy storage mandate, which has driven up to 75% of the nation's demand to date. S&P Global expects the move to reverberate throughout the global battery energy storage supply chain, further driving down prices that are already at historically low levels.
Philippines issues terms for renewables auction with storage
Pairing solar plants with battery energy storage systems (BESS) will be the main strategic focus for the country's upcoming renewable energy auction. Each project must have a minimum storage duration of four hours to ensure sufficient grid support and energy reliability.
UK T-4 auction paves the way to nearly 7 GW of new BESS capacity by 2028
Out of the 6.9 GW of battery energy storage systems (BESS) prequalified, which translates into 1.9 GW derated capacity, around 1.8 GW of derated BESS secured 15-year contracts in the UK's T-4 auction. This is nearly two time more than the volume procured last year. Only a week earlier, a record for BESS procurement was also set in the T-1 procurement.
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UK regulator reveals criteria of LDES cap-and-floor scheme
Long duration energy storage (LDES) support scheme will have eight-hour minimum. First application round opens to well-established technologies, such as lithium-ion battery technology, with at least 100 MW capacity in April 2025. Flow batteries, compressed air, and liquid air likely to progress in second round, says regulator.
Renewco, Atlantica join hands on 2.2 GW standalone BESS rollout in Spain
The UK-based developer has found an investment partner for its gigawatt-scale battery energy storage system (BESS) pipeline in Spain. The projects would connect to select transmission substations across the country, subject to the forthcoming grid capacity auctions.
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