January 11, 2021 Read More →

Philippines battery energy storage system capacity climbs to 13 Luzon projects, 320 MW

Business World:

The Energy department has identified 13 power projects in Luzon which have obtained financing and are supported by battery energy storage systems (BESS), with their combined capacity at 320 megawatts (MW), according to the department’s tally of private sector-initiated committed power projects.

Committed projects are those that have achieved financial closing with their investors or bankers. Storage allows irregular sources of power like solar to stockpile power while supply is plentiful and then discharge power when the source is unavailable, for example at night. The tally of storage-supported renewable projects indicates the volume of renewable power that might be reliably available to the grid.

In October, Energy Secretary Alfonso G. Cusi announced an approval moratorium on greenfield coal-fired plants, a move projected by the Institute for Energy Economics and Financial Analysis as possibly reducing the share of coal in the power mix to 16% from the current 41.5%, while ramping up the contribution of solar and wind to 42.8% from 5.4%. 

[Angelica Yang]

More: Luzon power projects with supporting battery storage, financing estimated at 320 MW

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