South Korea opens tender for 65 MW/260 MWh of battery storage
22 August 2023South Korea's Ministry of Trade, Industry and Energy (MOTIE) has launched a tender to deploy 65 MW/260 MWh of battery storage capacity on Jeju, the country's largest island.
“Energy storage system will help stabilize power supply and demand in Jeju, thus mitigating the issue of renewable energy intermittency,” MOTIE said in a statement, noting that the island has the nation's largest share of renewables and related grid constraints.
The South Korean authorities will select battery projects that can ensure more than four hours of storage and will award 15-year contracts. Interested developers have 10 weeks starting from Aug. 18 to submit their offers. The ministry will announce the tender's winners by the end of November.
Jeju Island is committed to covering all its energy with renewables by 2030. As of 2020, the island's renewable energy generation was ranked the highest in South Korea, at 16.2%
Related
-
Poland seeks delivery partner for new international airport
27 July 2025
-
South Africa approves six solar projects totaling 1,290 MW
25 July 2025
-
Saudi Arabia Invites PQ for Strategic Reservoirs and Water Transmission Systems on PPP model
25 July 2025
-
Masdar, Iberdrola achieve financial close for $6.1bln East Anglia THREE Offshore wind project
25 July 2025
-
China’s CITIC to Develop Large Soybean, Corn Farms in Angola
25 July 2025
-
MGC, Lantania Consortium awarded $544 million Jubail Desalination Plant Contract
24 July 2025