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India to reach 346 GWh of installed battery energy storage capacity by 2033
A new whitepaper projects India’s cumulative installed battery energy storage capacity to soar to 346 GWh by 2033, from currently less than 1 GWh. The report says the market is witnessing explosive growth, with a record 92 GWh of battery energy storage system (BESS) projects in the pipeline now.
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Australian scheme to deliver 100 neighborhood batteries kicks off final funding round
The Australian state of Victoria has launched its third and final round of grant funding through the 100 Neighbourhood Batteries Program, offering AUD$400,000 per battery through multiple streams of eligibility to a pool of nine council regions.
German innovation tender four times oversubscribed, 29 PV+BESS projects awarded
The German Federal Network Agency (Bundesnetzagentur) received bids totaling over 2 GW in its latest innovation tender, which is open to renewable energy projects incorporating storage systems, among others. The awarded tariffs for combined photovoltaic and storage projects ranged from €0.0500 to €0.0639 per kWh.
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Indian 1 GWh battery storage tender yields lowest tariffs to date
NTPC Vidyut Vyapar Nigam Ltd (NVVN)’s tender for 1,000 MWh (500 MW x 2 hours) of standalone battery energy storage systems (BESS) with viability gap funding in Rajasthan has resulted in tariffs range from INR 2.16 lakh ($2.561)/MW/month to INR 2.19 lakh/MW/month.
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