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Bulgaria seeks to revive 864 MW Chaira pumped-storage hydropower plant
Supported by Toshiba, Bulgarian utility NEK is working to restart its 864 MW Chaira pumped-storage hydropower plant, the largest of its kind in Southeastern Europe. The facility has been offline since March 2022 following a turbine failure.
Brazil can reach 7 GW in storage by 2035
Projections from the Energy Research Company (EPE), shared during the Absolar Storage Leaders event, depend on a stable legal framework and regulatory progress. Authorities and stakeholders in the electricity sector highlight the role of batteries in reducing costs, ensuring energy security, and expanding renewable energy.
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Botswana breaks ground on solar-plus-storage project with 500 MWh battery
The Maun solar project will encompass 500 MW of solar tied to 500 MWh of battery storage in northeastern Botswana, making it one of the largest projects of its kind in southern Africa. A 30-year power purchase agreement is in place between project developers Okavango Solar, wholly-owned by Oman’s NAQAA Sustainable Energy LLC, and Botswana Power Corporation.
67.3 GW battery storage progresses through Australia’s grid connection process
Utility scale batteries are maintaining a strong lead in the race for renewable energy pipeline growth, indicated by AEMO’s latest Connections Scorecard showing 67.3 GW of projects are progressing through the National Electricity Market (NEM) connection process.
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Long-duration battery storage can contribute to security of supply more cost-effectively than gas-fired power plants, LCP Delta finds
LCP Delta has conducted a study analyzing the potential contribution of long-duration battery storage to security of supply within capacity tenders in Germany, including an economic comparison with gas-fired power plants and the resulting costs to the public. However, the authors explicitly note that they are not advocating for a complete phase-out of new gas-fired power plants.
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Inside the financing of Egypt’s largest solar‑plus‑storage project
Norwegian developer Scatec ASA has commissioned the first phase of the 1.1 GW Obelisk solar and battery energy storage system (BESS) project in Egypt, backed by $479.1 million in development finance institution (DFI) debt and a fully contracted storage revenue model.
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