How much does Bess cost in China?
It is nonetheless still eye-opening to note just how big those differences in cost are. The average for a turnkey system in China including 1-hour, 2-hour and 4-hour duration BESS was just US$101/kWh. In the US, the average was US$236/kWh and in Europe US$275/kWh, more than double China’s average cost.
How long does it take to negotiate a Bess project?
Though complex and time-intensive to negotiate, often taking several months to a year, these agreements are quietly becoming the preferred model for BESS projects over 100 MW. In Germany, Nofar Energy secured €86.5 million for a 104.5 MW/209 MWh storage project through a seven-year tolling agreement.
Did BNEF win a Bess bid in China?
Downstream, as reported by Energy-Storage.news, recent tenders in China have been held in which winning bids for BESS projects as low as US$66/kWh were entered, which Kikuma says were in broadly in line with BNEF’s numbers.
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Here’s how the L1 bids landed 👇 🔋 ESS Scope: HiTHIUM Energy Storage Tabuk: SAR 671.7M (~$179M) Hail: SAR 686.4M (~$183M) 🏗️ EPC Scope up to 380kV: Alfanar Projects Tabuk:

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