Latest Insights
Oslo energy storage field 2024 forecast
From just under 0.5 terawatts (TW) in 2024, total capacity is expected to rise ninefold to over 4 TW by 2040, driven by battery energy storage systems (BESS). Last year saw a record-breaking 200 gigawatt-hours (GWh) of new BESS projects coming online, a growth rate of 80%.Read More Download files
Successful bid price of commercial energy storage project in Cyprus 2025
The estimated contract value for this project is set at €45 million excluding VAT. The project requires the engaging parties to design, construct, and install the battery storage system.Read More Download files
Solar Inverter project financing options in Azerbaijan 2025
The European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), and the Asian Infrastructure and Investment Bank (AIIB) are providing financing for the projects. The total cost of the projects is estimated to exceed $600 million.Read More Download files
Solar diesel hybrid storage project financing options in Ethiopia 2025
Standalone solar photovoltaic systems are increasingly being distributed in Ethiopia, but these systems are sub-optimal due to their intermittent power supply. A hybrid system that integrates and optimizes.Read More Download files
Successful bid price of commercial energy storage project in Tanzania 2025
On March 1, 2025, Tanzanian President Samia Suluhu Hassan laid the foundation stone for a $50 million liquefied petroleum gas (LPG) storage facility in Tanga, marking a significant milestone in the country’s efforts to transition towards clean and sustainable energy solutions.Read More Download files
MW scale storage system project financing options in Cyprus 2025
Cyprus’ Ministry of Energy, Commerce and Industry has launched a subsidy scheme for energy storage systems paired with existing renewable energy plants. Eligible projects will be remunerated by feed-in tariffs (FiTs) or net billing systems. From ESS NewsRead More Download files
