Tara Climate Foundation
Mainstreaming Renewables Through Energy Storage in the Philippines: Scenarios to Accelerate the Energy Transition
Background of the Project/ Challenge
A study on a landscape and scenario analysis for unlocking energy storage in the Philippines. This included due diligence on current trends and models, stakeholder engagements with government and corporates, and financial analysis on different scenarios based on applicable business models
What We Did
CSV synthesized the existing PH policies on battery energy storage systems (BESS) and identified the pain points and opportunities of private players to determine potential policy recommendations
Conducted financial modeling to determine financial feasibility under different scenarios and possible levers of accelerating widespread adoption of utility scale RE + BESS
Outcome
- Full report and public launch with key PH energy players leading to follow-up engagements on implementing BESS for PH policy updates and corporate energy transition plans
- https://climatesmartventures.com/2022/11/study-shows-that-battery-energy-storage-systems-bess-can-already-lower-electricity-costs-in-the-philippines/
Testimonials
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