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Brazil’s LRCAP battery auction demand estimated at nearly 3 GW
Following the contracting of 19 GW in the first LRCAP auction held this Friday (March 20), an additional 501 MW from existing thermal power plants was secured. In total, consultancy Thymos Energia had identified a need for 23 GW across the auctions, leaving an estimated remaining demand of around 3 GW for the battery auction.
Mar 23, 2026
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Greece: 12 GW+ of merchant batteries wait for the green light as curtailments escalate
Investors have submitted applications for 12.15 GW of utility-scale, standalone merchant battery storage projects in Greece, far exceeding the 4.7 GW the country plans to approve. But with wrestling over financing and key policy details still unresolved, the path to construction remains unclear.
Ukraine prioritizes solar-plus-storage in renewables auctions
Newly-implemented rules governing Ukraine’s energy market introduce solar-plus-storage systems as a separate auction category, ease regulatory barriers governing standalone storage projects and establish processes for renewable energy facilities located in Ukraine’s occupied territories.
“MACSE price levels were driven by bearish battery cost expectations. The market reality today is very different.”
“You can’t work miracles, so the problem remains — there will certainly be an impact for everyone,” Gabriele Buccini, head of Utility Storage at Trina Solar, told pv magazine Italia, referring to market volatility and the risks facing BESS manufacturers, which are now operating in a very different market environment than just six months ago.
Batteries awarded 1.22 GW in UK capacity market auction for 2029 delivery
Provisional results show more than 100 battery energy storage systems (BESS) awarded capacity market contracts in latest T-4 auction for Great Britain’s energy grid, with the vast majority of BESS contracts awarded to new-build capacity.
Brazil’s reserve battery capacity auction guidelines near finalization, 20 GW of projects already in line
ANEEL has approved March auctions for thermal and hydroelectric plants, with over 125 GW registered. Guidelines for the April LRCAP battery auction are still pending, but more than 20 GW of projects are already in development.
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The rise of bankable BESS projects in Europe
As the renewable energy sector rapidly evolves, battery energy storage systems (BESS) are emerging as a critical pillar for decarbonization. However, with capital constraints and rising market volatility, not all projects are equally viable. At ABO Energy, we're witnessing a shift in the investment landscape, where preparedness is the key to success.
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Brazilian capacity reserve auction suspension makes batteries even more urgent
With the Ministry of Mines and Energy (MME) revoking ordinances for a thermal and hydro tender planned for June, the need for a touted battery-specific exercise, in the second half of the year, has become even more urgent, according to PV body Absolar.
Greece awards 189 MW of battery storage in third auction
Greece’s latest auction has awarded subsidies to 188.9 MW of standalone, front-of-the-meter, utility-scale battery energy storage. The auction was the third and final edition of a battery storage subsidy program launched in 2023, with the country now turning its focus towards a new 4.7 GW unsibsidized BESS scheme.
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