Energy Storage News•about 8 hours ago
Philippines Department of Energy instructs renewable energy plants to add energy storage
- •The Philippines Department of Energy (DOE) has mandated that all proposed large-scale renewable energy (RE) power plants must integrate energy storage into their designs.
- •This policy change significantly increases capital expenditure (CAPEX) and project complexity for RE developers in the Philippines, requiring new financial models and supply chain considerations for storage.
- •The mandate creates a substantial new market opportunity for energy storage system (ESS) providers and integrators within the Philippines.
financinginterconnectpolicy