The energy storage platform has been established by Stonepeak & CHC has announced that it has secured 20-year fixed revenue capacity market contract for 5 BESS projects totalling 348MW of gross capital in the latest round of Japan’s Long term Decarbonization Auction. According to the auction, the platform will enter into capacity market contract with the organization for Cross regional Coordination of Transmission operator therefore formalizing 20 year old government offtake Agreement & will continue progressing with late stage development to prepare BESS projects for construction & operation.
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