A consortium of Mulilo, a South African independent power producer majority owned by CIP through its Growth Markets Fund I (CI GMF I), and EDF has been finalised as preferred bidder for three battery energy storage projects. A total of five projects were awarded under South Africa’s first Battery Energy Storage Procurement Programme by the Department of Mineral Resources and Energy.
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In this report “Carbon Capture and Storage in the United States” developed by the Congressional Budget Office examines the status, federal support, and future potential of carbon capture and storage (CCS). The federal government subsidies the development of CCS technology largely through funding for the Department of Energy
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Emeren Group, a US renewable energy producer, sold Matrix Renewables two battery energy storage systems (BESS) in Italy with a combined capacity of 293 MW. The transaction is part of the June 2023 DSA Emeren and Matrix agreement for the expansion of the BESS portfolio by 1.5 GW. The two projects are in Apulia and Lazio, respectively.
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Indonesia’s young power and industrial assets need clean energy alternatives and energy efficiency measures in order for the country to reach its climate target of net zero emissions by 2060. This report aims to inform that Carbon capture, utilisation and storage (CCUS) can be an important technology to help achieve that goal while advancing energy security and employment outcomes. It is set to play diverse roles in supporting Indonesia’s energy transition.
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Gurīn Energy has announced plans to develop, build and operate a battery energy storage system (BESS) in Japan. The planned project is a 500 MW capacity, four-hour BESS that will be able to store up to 2 GWh of electricity, or enough electricity to charge 50,000 electric vehicles. The projected cost of development for the project is $600 million over a six-year period. Construction on the BESS is expected to begin in 2026.
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Chile is actively working towards achieving carbon neutrality by 2050, defined under the Ley Marco de Cambio Climático or Framework Law on Climate Change of 2022. Chile has been taking various steps to strengthen the electricity sector, with an aim to have a more detailed path towards its decarbonisation plans. Timely implementation of these initiatives will help the country maintain a smoother energy transition.
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Octopus Energy’s generation arm announces the launch of a new joint venture (JV) with Nexta Capital Partners to charge up Italy’s battery storage market. The new JV with Milan-based Nexta will develop up to 1.5 GW of commercial-scale battery storage systems across several projects largely in the south of the country.
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Renewable Power Capital (RPC) and Elmya Energy have formed a joint venture (JV) to develop 4 GW of BESS and co-located solar PV assets in the UK. As part of the deal, Elmya Energy has contributed an existing pipeline of over 2.5 GW to the JV. This includes 1.5 GW of transmission-connected projects and 200 MW of distribution-connected projects at a late stage of development, plus 800 MW of earlier stage projects.
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Scatec ASA has started producing and supplying electricity to the national grid from the three Kenhardt plants in the Northern Cape Province, in South Africa. The Kenhardt project is a hybrid solar and battery storage facility. Reportedly, the company invested $1 billion in the project.
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Masdar and Taaleri Energia have acquired eight hybrid renewable energy projects in Poland. Onshore wind and solar photovoltaic (PV) technologies are part of the projects. The deal includes a 1 GW portfolio with a total capacity of more than 1 GW. Masdar’s portfolio in Europe, and specifically in Poland, where it possesses 51.4 MW of wind projects, has been significantly expanded with this acquisition from Polish developer Domrel Biuro Uslug Inwestycyjnych.
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The 2023 United Nations Climate Change Conference (COP28), being hosted in Dubai, United Arab Emirates, saw the addition of 11 new countries to the battery energy storage systems (BESS) consortium, including Egypt, Kenya, and India. In addition, Barbados, Belize, Ghana, Nigeria, Malawi, Mauritania, Mozambique, and Togo are joining.
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Statera Energy, a UK based energy storage and flexible generation developer and operator, has secured up to £300 million of debt financing through a syndicate led by Lloyds Bank. The first £144 million phase of the financing will be used to deliver Statera’s 300 MW (600 MWh) Thurrock Battery Energy Storage System (BESS).
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Renewable energy sources have been increasingly adopted for building a sustainable future in India’s energy landscape. This transformation took time to develop; it is the product of coordinated efforts by the government, business and scholars, besides regional and global cooperation. The country has taken significant strides in renewable energy development, especially over the past few years. India currently has 132 GW of installed renewable energy capacity, which is about 31 per cent of the country’s total power capacity as of October 2023.
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Clearstone Energy, a UK-based solar and battery energy storage company has seeked planning permission to construct a 400 MW/800 MWh battery energy storage system (BESS) project in Devon, UK. It is named as the Junction 27 project. The company intends to secure the planning permit for the pipeline over the next 12 months and implement it between 2027 and 2032.
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South Africa has signed project agreements with additional two preferred bidders appointed under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), in Pretoria for two hybrid projects. Gwede Mantashe, Minister of Mineral Resources and Energy has finalised an agreement of 203 MW with bidders. The projects consist of a combination of battery storage technologies, solar PV and onshore wind.
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Wärtsilä and AGL Energy of Finland have completed the Torrens Island grid-scale battery energy storage system (BESS) in South Australia. The BESS plant, the second-largest operational battery in the country, will have the capacity to supply an hour’s worth of power to 75,000 homes in South Australia. In addition to balancing the energy produced by the renewable energy source.
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SUSI Partners, a Swiss-based investment management firm, along with its joint venture partner SMT Energy, has signed a tax equity financing agreement for a 100 MW battery storage portfolio in Texas, US. SUSI secured the funding from Greenprint Capital on behalf of the SUSI Energy Transition Fund. The portfolio comprises ten utility-scale standalone battery energy storage projects.
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Wärtsilä, a Finnish energy provider, has won a contract from Clearway Energy Group to provide a 500MWac/2GWh energy storage portfolio for Clearway’s solar-plus-storage projects. The five solar-plus-storage sites are a combination of energy storage and solar photovoltaic (PV) resources, and they are situated in Hawaii and California. The Daggett II and Daggett III projects, with a combined solar PV capacity of 482MWac and 275MWac/1.1GWh of energy storage, are part of the portfolio.
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Quinbrook Infrastructure Partners has acquired exclusive development rights from Simec Atlantis Energy, a renewable energy provider to construct a battery energy storage system in Wales, UK. The 230 MW/460 MWh BESS project, called Project Uskmouth, will be located on the site of a former coal-fired power station.
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Mitsubishi Power, a Japanese power company, will collaborate with renewable energy developer ION Renewables to construct four battery energy storage system (BESS) projects in Ireland. Ion Renewables has signed an exclusive agreement with Mitsubishi Power Americas for the four projects, which will use Mitsubishi’s Emerald storage solutions and have a combined capacity of 185.5MW or 371MWh.
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