Japan allocates 1.09 GW of storage in capacity auction

The Japanese authorities selected 30 battery storage projects in the procurement exercise. The selected developers and plant owners will be awarded a 20-year fixed revenue. Japan's Organisation for Cross-regional Coordination of Transmission Operators (OCCTO) has published the results of the country's first capacity auction, the so-called Long-Term Decarbonization Power Source Auction. Through the procurement exercise, the organization assigned 1. 09 GW of battery storage capacity spread across 30 projects, 1. 3 GW of nuclear power capacity, and 824 MW of thermal power capacity. Furthermore, ...

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