Energy Storage News•about 11 hours ago
Philippines Department of Energy instructs renewable energy plants to add energy storage
Key Takeaway
This mandate fundamentally alters the landscape for renewable energy development in the Philippines, making energy storage a non-negotiable component for new projects and driving significant market demand.
AI Summary
- •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.
- •For large power consumers, this could lead to more stable and reliable renewable energy supply, albeit potentially at a higher initial cost reflected in PPAs.
Topics
financinginterconnectpolicyppasolarstoragetransmissionwind