
The project is expected to cost about $725 million (1 trillion won) and will be awarded based on both pricing and non-price factors, such as contributions to domestic industry and battery recycling capabilities.

“We currently see prices at around $60/kWh (cell price + shipping + currrent tariff); in 2026 the increase seen will come from the increase in tariff to 25%,” Iola Hughes, head of research at Rho Motion tells pv magazine ESS News. The tariff hike will take effect in January 2026.

Auctioning 2,310GWh per year to supply energy needs for a period of 15 years from 2026, the tender closed with average prices of US$23.78/MWh, 27% lower than the country’s auction in 2017.

BE Semiconductor Industries N.V., simply called Besi, is a Dutch multinational company that designs and manufacturers equipment. Besi offers , packaging, and plating solutions.