APAC BESS daily brief · 30 Oct 2026
Japan · Project BriefChugoku Electric and JR West sign MOU to study joint battery storage business
NHK reported on 29 October that Chugoku Electric Power and JR West have exchanged a basic agreement to jointly study a business using batteries that store renewable and other electricity. Scale, sites and timeline are not publicly disclosed.
Project
- Form: basic agreement (MOU), study stage.
- Capacity, sites, investment: Not publicly disclosed.
Financing
- View: railways hold land and substations along their lines; pairing with a utility could cut siting and grid-connection costs — watch whether the venture bids into the Long-Term Decarbonisation Auction.
Sources: NHK
Japan · Project BriefGreen Energy & Co unit wins EPC order for ~2 MW/8 MWh grid battery in Kyotango, Kyoto
Green Energy & Company (TSE 1436) said after the close on 28 October that wholly owned unit Green Energy Plus won the construction order for a grid-scale battery in Kyotango, Kyoto Prefecture, rated at 1,999 kW / 8,146 kWh. The company said the single order has a minor impact on this period's results but forecasts may be revised depending on future orders.
Project
- Location: Kyotango, Kyoto Prefecture; rated output 1,999 kW, nominal capacity 8,146 kWh (about 4 hours).
- Contractor: wholly owned subsidiary Green Energy Plus; customer and contract value: Not publicly disclosed.
Financing
- The company says order conditions for grid batteries remain firm on decarbonisation and the expanding balancing market (需給調整市場).
- View: sub-2 MW sites remain the bread-and-butter EPC format in Japan — small tickets, often with undisclosed investor-owners.
Sources: 財経新聞(フィスコ)
Global · Project Finance BriefDelta Capacity closes financing for 250 MW/600 MWh Finnish BESS, Société Générale sole senior lender
Swiss developer Delta Capacity reached financial close on two standalone Finnish BESS projects totalling 250 MW / 600 MWh, both under construction with COD targeted for Q4 2027. Société Générale is sole senior lender to both, and Finnish ECA Finnvera counter-guarantees one facility.
Project
- Kärppiö, Teuva: 125 MW / 300 MWh; AKKU One, Lapinlahti: 125 MW / 300 MWh.
- Equipment: Sungrow.
Financing
- SocGen also acts as agent, security agent and hedge provider; Centrica Energy signed partial tolling agreements for both assets.
- Loan amount, tenor, pricing: Not publicly disclosed.
- View: partial tolling plus an ECA counter-guarantee is a template for getting merchant-exposed Nordic storage bankable.
Sources: ESS News
Australia · Project BriefCATL picked as technology partner for SEC-backed 400 MW/1.86 GWh Baranduda battery
RenewEconomy reported that CATL has been selected as technology partner for Birdwood Energy's Baranduda Electrical Energy Reserve, a 400 MW / 1.86 GWh, 4.65-hour battery near Wodonga, Victoria. Victoria's publicly owned State Electricity Commission (SEC) has invested A$43 million for a minority stake.
Project
- Size: 400 MW / 1.86 GWh, 4.65 hours; next to Wodonga Terminal Station on the Victoria–NSW interconnector.
- Supply volume and contract value: Not publicly disclosed.
Financing
- SEC equity: A$43 million (minority stake); debt financing: Not publicly disclosed.
Policy
- SEC is Victoria's publicly owned energy company; the article calls this the first public-private partnership between the Labor government and a super fund (Aware Super).
Sources: RenewEconomy