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Home - Energy Storage - Japan allocates 1.09 GW of storage in capacity auction – SPE
Energy Storage

Japan allocates 1.09 GW of storage in capacity auction – SPE

solarenergyBy solarenergyMay 8, 2024No Comments2 Mins Read
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The Japanese authorities selected 30 battery storage projects in the tender. The selected developers and factory owners will receive a fixed turnover for 20 years.

May 8, 2024 Emiliano Bellini

The Japan Organization for Cross-regional Coordination of Transmission Operators (OCCTO) published the report Results of the country’s first capacity auction, the so-called Long-Term Decarbonization Power Source Auction.

Through the tender process, the organization has allocated 1.09 GW of battery storage capacity across 30 projects, 1.3 GW of nuclear energy capacity and 824 MW of thermal energy capacity. In addition, it has allocated 576.9 MW of pumping capacity for hydropower storage and 199.2 MW of biomass capacity.

The selected storage projects range from 16.5 MW to 96.2 MW and their average size is 36 MW.

Chinese-Canadian PV module manufacturer and battery supplier Canadian Solar announced at the auction that it has secured 193 MW of storage capacity. “The three projects, located in Aomori, Fukushima and Yamaguchi prefectures respectively, are expected to begin commercial operations between 2027 and 2028 and will feature the recently launched SolBank 3.0 system from e-Storage, a subsidiary of CSI Solar Co. , Ltd.” The company reported this in a released statement.

The selected developers and factory owners will receive a fixed turnover for 20 years.

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See also  Masdar buys out Greece's Terna Energy in €3.2 billion deal – SPE
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