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China switches on 1 GW of PV on salt-alkali tidal flats, paired with 400 MWh of energy storage
Huadian Group and PowerChina have activated a 1 GW solar project on salt-alkali tidal flats in China’s Shandong province, paired with 200 MW/400 MWh of storage. The facility features PV modules installed above brine pools.
MACSE auction: A game changer for Italy’s energy storage sector
With the first auctions for procuring new storage capacity in Italy expected in the second quarter of 2025, Aurora Energy Research has analyzed the internal rate of return for projects supported by the Energy Storage Capacity Procurement Mechanism (MACSE) and found that in certain cases expected returns exceed 9%, providing a high level of revenue security. However, as Aurora’s Maddalena Cerreto tells ESS News, there are also zones where the expected profitability of merchant investments outcomes the MACSE ones.
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Elements Green’s 360 MW/720 MWh battery storage project secures green light
UK-based solar and energy storage developer Elements Green has secured planning consent for its Staythorpe Battery Energy Storage System (BESS) project in the UK. The system will be colocated with a massive 800 MW solar farm.
Arizona’s largest energy storage project closes $513 million in financing
In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution. Recurrent Energy, a subsidiary of Canadian Solar Inc. has secured $513 million in project financing for its Papago Storage project located in Maricopa County, Arizona.
Australian vehicle-to-grid trial gets $3.2 million boost
Amber Electric has received a $3.2 million (USD 2.3 million) grant from the Australian Renewable Energy Agency (ARENA) toward their $7.7 million electric vehicle (EV) smart charging and bi-directional vehicle-to-grid (V2G) software solution trial. One thousand customers across Australia will participate in the trial over the next two years with the V2G scope expected to begin in mid-2025.
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Gensol secures additional 250 MW/500 MWh in GUVNL’s battery storage project
In India, Gensol Engineering Ltd has secured the full 500 MW/1,000 MWh capacity of the standalone battery energy storage project from Gujarat Urja Vikas Nigam Ltd (GUNVL) with an additional allotment of 250 MW (500 MWh) under a greenshoe option.
Southeast Asia targets 18 GW of pumped hydro by 2033
According to projections from Norwegian consultancy Rystad Energy, Southeast Asia’s share of pumped storage hydropower is set to increase nearly eightfold in less than a decade – from 2.3 GW today to 18 GW by 2033. Rystad’s figures say that there is currently 2.7 GW of pumped hydro storage under construction, while the remaining 13.3 GW is in various stages of development.
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Germany, UK, Ireland, Poland offer best renewables + BESS colocation potential
Market analytics provider Aurora Energy Research has examined the potential for colocation of renewables with battery energy storage systems (BESS) across 12 European countries. It found that Germany, Great Britain, the Ireland I-SEM, and Poland are leading the pack.
Bulgaria backed by EIB for 1.6 GW of pumped storage
The European Investment Bank (EIB) will conduct economic and technological feasibility studies on two Bulgarian pumped storage hydropower plants due to be operational by 2032. The projects will each add generation capacity of around 800 MW and will both come with a price tag of around €900 ($964) million.
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