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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.
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.
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All Auctions news
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 discharge. Stream 1 applications will open to well-established technologies, such as lithium-ion battery technology, with at least 100 MW capacity, with stream 2 technologies including flow batteries, compressed air, and liquid air.
Mar 11, 2025
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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Terna allocates 43 GW in Italian capacity market auction for 2027
On Feb. 26 Terna announced the results of its capacity market auction, allocating 43 GW for the delivery year 2027, for more than €1.847 billion. Industry insiders expects that battery storage projects have accounted for around 900 MW.
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