Five 20-year market contracts for fixed income capacities through the second long-term decarbonization auction of the Japanese government
New York & Tokyo – April 29, 2025 – – The joint announcement jointly announced by Stonepeak and CHC (the “platform”) of the joint energy storage platform announced that they received 20 years of market contracts for fixed sales capacities for five projects for battery energy storage systems (“BES”) with a total of 348 MW gross capacity in the recent round of the Japanese long-term decorative auction (“Auction”). The contracts represent the second victory of the platform in a row in the state tender after the opening auction in 2024, in which the platform received contracts for four BESS projects with a total of 131 MW.
In accordance with the provisions of the auction, the platform for the five assigned projects for the national coordination of transmission operators, Japan (“Occto”), will complete with the organization for the five -regional coordination of the transmission operators.
“We are pleased about the results of the recent long-term decorative auction, which position the platform well to continue to support the stability and reliability of the grids and at the same time enable the goals of Japan's CO2 neutrality. We are grateful for taking the review committee into account during this process,” said Ryan Chua, Senior Managing Director at StonePeak. “We look forward to continuing to work with CHC to promote the strong position of the platform on the Japanese energy storage market.”
“CHC is satisfied with the success of the platform in the latest auction round, which emphasizes the value that we bring as a trustworthy partner for Stonepeak and strengthen the commitment of CHC for the continuous development of battery energy storage projects in Japan,” said Ahmed al-AWA, director at CHC. “CHC is looking forward to continuing to play an important role in the development of the Japanese BESS market and to support Japan in achieving its energy transition destinations.”
About Stonepeak
Stonepeak is a leading alternative investment company that specializes in infrastructure and real assets with around 73 billion US dollars in managed assets. Due to his investments in defensive, Stonepeak is aimed at making hard companies worldwide to create a value for its investors and portfolio companies, with the focus on the downward protection and the strong risk-cleaned returns. As a sponsor of Private Equity and Credit Investment Vehicles, operative support and committed partnership offers investments in its target sectors, which include digital infrastructure, energy and energy transfer, transport and logistics as well as real estate. Stonepeak has its headquarters in New York with offices in Houston, Washington, DC, London, Hong Kong, Seoul, Singapore, Sydney, Tokyo and Abu Dhabi. You can find more information at www.stonepeak.com.
About CHC
CHC is a BESS project development company. With its dynamic team and the depth that the shareholders of CHC have, CHC is obliged to advance the energy transfer and to drive a sustainable economy. CHC has its headquarters in Singapore and has an office in Tokyo. For more information on CHC, including the shareholders, can be found at https://chcbess.com/.
Contacts
Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (212) 907-5100
CHC
Cameron Gilhome / Joanna Lee
media@chcbess.com
+65 8908 1759