Japan nouakchott energy storage project bidding

How many battery energy storage projects have won a bid?

Over a gigawatt of bids from battery storage project developers have been successful in the first-ever competitive auctions for low-carbon energy capacity held in Japan. A total 1.67GW of projects won contracts, including 32 battery energy storage system (BESS) totalling 1.1GW and three pumped hydro energy storage (PHES) projects totalling 577MW.

Can energy storage projects take part in low-carbon capacity auctions?

Energy storage projects will be eligible to take part in low-carbon capacity auctions set to be launched this month in Japan.

Are battery storage projects eligible for competitive power auctions?

Containerised battery storage units at a project in Hokkaido, northern Japan, where grid operator’s rules require renewable generators to add storage. Image: Sungrow. Energy storage projects will be eligible to take part in competitive capacity auctions for low-carbon power set to be launched this month by the Japanese government.

Why did Nozomi win a capacity auction?

Jose Antonio Millan Ruano, CEO of Nozomi Energy, commented: “We are honoured to be a part of Japan’s path to decarbonisation and renewable energy adoption. Winning these projects in the capacity auction is a testament to our dedication and our contribution to Japan’s energy transformation.”

Can battery assets trade energy in Japan?

Battery assets are now allowed to trade energy in Japan’s wholesale markets and the first two projects to do so joined the Japan Electric Power Exchange (JEPX) spot market in mid-2023 through developer Pacifico Energy.

Which auction was most profitable for Bess and pumped hydro storage developers?

That first auction, which was conducted under the auspices of the Organization for Cross-regional Coordination of Transmission Operators (OCCTO), proved to be most profitable for BESS and pumped hydro storage developers. The government had allocated over 1.6 GW of capacity for 30 such projects.