Philippines’ green energy auction heavily oversubscribed with nearly 7 GW of pumped hydro bids
The country’s Green Energy Auction (GEA-3) attracted a cumulative 7.5 GW of projects, far surpassing the 4.65 GW installation target.
Germany allocates 2.15 GW in latest PV tender, final average price for first time under €0.05/kWh since 2019
Germany’s latest auction for utility-scale solar concluded with prices ranging from €0.0388 ($0.0400)/kWh to €0.0495/kWh. The procurement exercise was significantly oversubscribed.
Turkey allocates 800 MW in PV tender with final price of $0.0325/kWh
Turkey has awarded 800 MW of solar capacity in its latest PV tender, with the final price set at $0.0325/kWh. The authorities selected six projects ranging from 40 MW to 385 MW.
Bangladesh launches 1.78 GW solar tender
The Bangladeshi authorities are seeking proposals to build 19 solar plants with capacities ranging from 70 MW to 100 MW across several regions.
India’s NHPC awards 1.2 GW of solar with storage at $0.036/kWh
NHPC has allocated 1.2 GW of solar with 600 MW/1,200 MWh of storage projects at an average tariff of INR 3.09 ($0.036)/kWh.
Moldova launches tender for 75 MW of battery storage
The procurement aims to improve the reliability of Moldova’s grid, facilitate energy trade with neighboring Romania and Ukraine, and support the integration of locally produced renewable energy.
Algeria’s Sonelgaz relaunches 520 MW solar tender
Sonelgaz has re-tendered three PV projects in Algeria totaling 520 MW, with sites in Kenadsa, Touggourt, and Tamacine, where initial earthworks have begun. The projects were previously awarded to a consortium of Italy’s Fimer and Algeria’s Cosider.
Portugal awards grants to 500 MW of energy storage projects
A total of 43 projects were selected from 79 applications in Portugal’s 2025 energy storage procurement. This included six projects from Spain’s Iberdrola, which secured nearly €20 million ($20.6 million) in public funding.
MACSE auction: A game changer for Italy’s energy storage sector
With the first auctions for procuring new storage capacity in Italy expected in the second quarter of 2025, Aurora Energy Research has analyzed the internal rate of return for projects supported by the Energy Storage Capacity Procurement Mechanism (MACSE) and found that in certain cases expected returns exceed 9%, providing a high level of revenue security.
Bangladesh launches 500 MW PV tender
The Bangladeshi authorities are seeking proposals to build 10 PV plants with each a capacity of 50 MW across several regions.
