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India can leverage its solar and storage edge to avoid power shortages
Large-scale solar-plus-storage is the main option left to avoid power shortages as such systems can be deployed much faster than new thermal and hydro assets. Recent gigawatt-scale solar-plus-storage auction results, with a record low price of INR 3.40 ($0.04)/kWh, show that such deployment will be highly economical, according to a new study from the University of California’s India Energy and Climate Center.
Battery storage on a capacity market
In Germany – but not only there – there is a heated debate about the pros and cons of a capacity market. The German Renewable Energy Association is against it, and recently the German New Energy Industry Association, the DIHK and the EEX energy exchange have also taken a clear stance: Germany does not need a “power plant subsidy program.” In this article, four experts explain why battery storage can also play an important role in a capacity market and make recommendations on how the design of the market can help avoid mismanagement, wrong incentives and unnecessary costs.
Philippines announces renewables, energy storage auction
The Philippines’ Department of Energy (DOE) has said that energy storage and maximizing the country’s existing renewable energy infrastructure will be a major theme for its next green energy auction. GEA-4 will take place in the final quarter of 2024.
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EWEC seeks proposals for 400 MW battery storage project in Abu Dhabi
The battery energy storage project will provide operating reserves and crucial ancillary services such as frequency response and voltage regulation, further reinforcing the security of supply and supporting Emirates Water and Electricity Co. (EWEC) to increase its solar capacity to 7.5 GW by 2030.
Western Australia launches 2 GWh storage tender
Western Australia has locked in federal government funding to build a minimum 6.5 TWh of large-scale solar and wind projects and 1.1 GW/4. 4 GWh of new storage to help ensure the electricity grid remains stable as the state continues its renewable energy transition. The first big battery storage tender – seeking 500 MW/2 GWh of storage capacity opened on Monday.
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Tackling merchant risk – A deep dive into Europe grid-scale energy storage contracted revenue
Current market conditions are propelling grid-scale project deployment in a more diversified European energy storage market. Anna Darmani, principal analyst – energy storage EMEA, at Wood Mackenzie, examines revenue streams in different parts of Europe and emerging routes to the market.
Greece readies for next battery storage growth phase
Greece’s energy storage market is hot with a number of new policies paving the way to new applications in the market. The government is now working a new plan, which will allow the colocation of batteries with existing solar plants as well as standalone, in front of the meter battery energy storage systems.
India:1.2 GW/1.2 GWh solar, storage tender wraps at average price of $0.041/kWh, another 100 MW/130 MWh solar, storage tender launched
Solar Energy Corp. of India (SECI) has concluded a major solar and storage tender in India, with Acme Solar Holdings, Hero Solar Energy, JSW Neo Energy, and Pace Digitek Infra emerging as winners. Meanwhile, Karnataka Renewable Energy Development Ltd (KREDL) has started accepting bids to set up a utility-scale PV plant coupled with a big battery.
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