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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.
16 hours ago
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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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UK floats capacity market rule changes for BESS and other technologies
Proposals could see BESS assets self-nominate their connection capacity at auction to ensure long-term delivery, despite degradation, as well as simplifying reporting rules for behind-the-meter storage assets traded by demand-side response aggregators.
Jinko: Italy’s MACSE auction reflects bets on supply chain deflation, compressed IRRs
Jinko Power's country manager for Italy has told pv magazine Italia the €12,000 ($14,000) per megawatt-hour, per year to €15,000/MWh/year price for storage set in Italy's Mercato a termine degli stoccaggi (MACSE) auction does not reflect current European project prices. Rather, bidders are betting on continuing price falls, Felice Lucia said.
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Competition in Italy’s future MACSE auctions could be just as fierce as in the first
Aurora Energy Research's Maddalena Cerreto, tells pv magazine Italia that with permits granted for 40 GWh of battery energy storage systems (BESS) in Italy already, competition in the Mercato a termine degli stoccaggi (MACSE) auction program – which aims to secure 50 GWh by 2030 – is likely to be intense.
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UK regulator shortlists 77 LDES projects for cap-and-floor scheme evaluation
Of the 171 projects that applied, 77 met the eligibility criteria and have advanced to the project assessment stage. Together, these eligible projects have a total power output of 28.7 GW, with lithium-ion batteries accounting for more than 60% of the total capacity.
Italian lender: Banks will tolerate 10% merchant operation of MACSE-tendered batteries
The opening session of the Italia Solare conference on finance and bankability for solar and battery energy storage systems (BESS) considered how the Mercato a termine degli stoccaggi (MACSE) auction could shape the Italian storage market. Elemens Partner Salvatore Casa predicted auction-set storage payments could be 'very far' below the €32,000 ($38,000)/MWh cap initially suggested.
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