Insights

6 GWh BESS tender with average bid at $65/kWh

Emil Jafarli

The procurement exercise has attracted 67 battery energy storage companies but only six have emerged as winners. The average bid stood at CNY 0.473/Wh ($65/kWh).

Public procurements in China continue to demonstrate exceptionally low price levels for lithium-ion phosphate (LFP) battery energy storage systems (BESS). In the latest tender, more than 80% of bidders quoted prices below CNY 0.5/Wh ($69/kWh), highlighting the fierce competition in the world’s biggest BESS market.