South Africa''s Ministry of Electricity and Energy has announced the list of bids received for Bid Window 3 of the Battery Energy Storage Independent Power Producers
The Philippines government has given a ''green lane certificate'' for a solar and storage project slated as the largest in the world.
It listed a dozen other sites (besides the Maco BESS plant) scheduled to begin commercial operations through 2026, half of which are expected to come online in 2025. The Maco battery plant is the only project
Total project costs for utility-scale BESS are expected to fall by another 16% between 2021 and 2025. These battery cost reductions will be driven by increasing battery demand from the
Here are the five largest construction projects initiated in Philippines during Q3 2024, according to GlobalData''s construction projects database.
In NSW, Lightsource bp''s 700 MW Sandy Creek and 450 MW Goulburn River solar farms won bids and the company''s third successful project is the Victorian, 300 MW West
This strategic partnership will channel the investment towards the joint development and expansion of the solar PV power plant and BESS. Under the agreement,
The engineering, procurement, and construction (EPC) contracts have already been signed, with the completion of the project expected between 2025 and 2026. SMGP, through its subsidiaries SMGP BESS Power
China-headquartered electronics firm Huawei has secured a supply agreement to provide a 4.5GWh battery energy storage system (BESS) for the Meralco Terra Solar project in the Philippines.
The project includes a 3,500 megawatt peak (MWp) solar plant and a 4,500 megawatt-hour (MWh) Battery Energy Storage System (BESS), spanning across Nueva Ecija
In what is described as the largest energy storage procurement in China''s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented cumulative storage capacity of 16 GWh. The bids
That larger increase is primarily down to new tariffs imposed by the US on battery products from China, which CEA previously said would increase BESS prices by 11
That larger increase is primarily down to new tariffs imposed by the US on battery products from China, which CEA previously said would increase BESS prices by 11-16%. However, the firm''s chart implies the price
The global battery storage project pipeline for the next two years reached 748 GWh, indicating a surge of the global battery storage ecosystem. Notably, in November 2024, COP29 agreed to a global energy storage target
The Terra Solar Philippines (Terra Solar) has announced plans to invest around PHP200 billion to finance solar and battery energy storage system (BESS) projects in
The Philippines is targeting an additional 1,100 MW of solar capacity equipped with energy storage under GEA-4. The solar and BESS projects are expected to enhance grid reliability and flexibility while supporting
The bidders, the minister said, expected commercial close for the five projects in January 2026, with full commercial operations by January 2028 at the latest. The minister also added, in the press briefing, that future bid
In brief On 29 November 2024, the Ministry of Energy Transition and Water Transformation (" PETRA ") announced the opening of the bidding process for the development of battery energy storage system project (BESS Project). The
The Philippines'' DOE launches Green Energy Auction 4, adding 9,378 MW of renewable capacity by 2029. For the first time, it integrates solar with BESS to enhance grid reliability and support the 35% renewable energy
The Philippines is betting on battery energy storage systems (BESS) to achieve its ambitious renewable energy (RE) targets and build a more sustainable energy future. With goals of 35-percent RE in the generation mix
SN Aboitiz Power Group (SNAP) acquired funding from three major banks to expand its Battery Energy Storage Systems (BESS), with the investments directed toward projects in Isabela and Benguet.
China''s Huawei has bagged its biggest BESS order to date and will supply the Meralco Terra Solar Project in the Philippines, which is considered the largest integrated solar
Petra said LSS6 and BESS are expected to further increase the capacity of renewable energy in the national electricity supply system and supply grid, respectively. Both the LSS6 and BESS programmes are scheduled to be
Actis has agreed to acquire a stake of 40% in the Terra Solar integrated renewables and energy storage project in the Philippines from Manila Electric (Meralco) and its subsidiary, Solar Philippines New Energy (SPNEC),
The Energy Regulatory Commission (ERC) has approved the final reserve price structure under the fourth round of the Green Energy Auction Program (GEA4), setting the policy framework for the competitive bidding of
The Spanish energy company Acciona Energía has officially broken ground on the 176 MW Daanbantayan solar project on the island of Cebu, in the north of the Philippines. The €120m (US$131m) project is located in the
SN Aboitiz Power Group (SNAP), a joint venture between Scatec and AboitizPower, has made the final investment decision for the 20 MW battery energy storage
WESM prices are projected to converge to near coal variable bids (between 1.31 - 2.72 PhP/kWh) for the forecast period (Sept. 2020 – Aug. 2021 WESM Billing months). The main drivers are
The opportunities for battery energy storage systems are growing rapidly in Latin America. Below are some key details for those who want to understand and succeed in the
The latest announcement is the second gigawatt-scale BESS supply deal in the Philippines within days. In what was touted as the largest BESS supply agreement in Southeast Asia to date, China’s Sungrow agreed to retrofit a 1.5 GWh of battery storage at Citicore’s solar plant in the Philippines.
The BESS projects, expected to be completed by 2026, will be co-located with the Magat hydroelectric power plant in Isabela and the Binga hydroelectric power plant in Benguet.
“SNAP is scaling up its BESS initiatives with Magat BESS Phase 2 and the first BESS in Benguet. BESS will provide much-needed storage capacity to support the integration of renewable energy and improve grid reliability,” said SNAP President and CEO Joseph Yu.
Emmanuel Rubio, president and CEO of Meralco PowerGen Corporation, believes including a sizable BESS will help optimise the solar PV power plant and integrate it into the grid.
At a ceremonial signing on February 17, 2025, BPI and Chinabank formalized their commitment to fund the Magat BESS Phase 2, while BPI and BDO agreed to finance the Binga BESS project.
It will also include step-up transformers to connect to the 34.5 kV busbar at the main substation. Huawei has already developed gigawatt-scale BESS projects with one of its fragship developments a 400 MW/1.3 GWh solar-plus-storage off-grid facility in Red Sea New City, Saudi Arabia, unveiled in September.
