Japan Allocates 1.09 Gw Of Storage in Capacity Auction
The Japanese authorities selected 30 battery storage projects in the procurement exerciseThe Japanese authorities selected 30 battery storage projects in the procurement exercise.
PV Magazine International 12:36 pm on May 9, 2024
On May 2024, Japan's Ministry of Economy, Trade & Industry (METI) allocated 1.09 GW to various storage projects in its first Capacity Auction under the Long-Term Decarbonization Power Source Auction. The procurement exercise awarded long-term revenue contracts for 30 battery storage plants with capacities ranging from 16.5 MW to 96.2 MW, alongside other energy sources like nuclear and thermal power, pumped hydro, and biomass.
- Key allocation in Japan's Capacity Auction:
- 1.09 GW storage capacity awarded via the Long-Term Decarbonization Power Source Auction.
- 30 battery storage projects selected, revenue contracts over 20 years.
- Complemented by 576.9 MW pumped hydro and 199.2 MW biomass capacity.
- First-time integration of storage in Japan's Capacity Auction, showcasing renewable energy commitment.
https://www.pv-magazine.com/2024/05/08/japan-allocates-1-09-gw-of-storage-in-capacity-auction/