As the region with the biggest population and energy needs, progress in Asia and the Pacific's energy transition will be crucial for global climate goals.
Australia's storage projects have historically focused on standalone BESS, but in recent years, there has been a rise in projects involving solar and wind coupled with BESS that are expected to be commissioned in the next two years.
A common technology currently employed is the grid-level battery energy storage system or BESS. China is leading in this area, with its gross energy storage capacity addition reaching 22GW in 2023. This makes up 36% of the world's total additions, according to BloombergNEF (BNEF).
As of 2022, BNEF estimates Australia had 1.4GW/ 3.5GWh of cumulative energy storage capacity (excluding pumped hydro), of which 60% is standalone and 40% paired. Such paired solar and BESS (RTC) projects are expected to grow at a compound annual growth rate (CAGR) of 37% by 2025, based on the data available.
The initial $36.1m of investment capital has been fully committed as of November 2024 across two projects (further details below), but there is further potential to deploy CTF funds and support
The initial $36.1m of investment capital has been fully committed as of November 2024 across two projects (further details below), but there is further potential to deploy CTF funds and support
This article examines how green bonds, ESG investment, and development finance institutions (DFIs) are reshaping the funding landscape for renewables in Asia, and what
The 2025 Kamchatka earthquake, a magnitude 8.8 seismic event, has reshaped the risk calculus for investors in the Asia-Pacific energy and infrastructure sectors. Occurring
ENABLE will unite a diverse range of stakeholders, including other development partners and innovative financing strategies, to
A co-authored chapter by UN ESCAP and IRENA examines investment trends in energy transition technologies, prevailing challenges to
Provide a scalable model ETM has the potential to be scaled up to other parts of Asia and the Pacific, as well as Latin America and Africa, which could drive significant reductions in global
For the Asia-Pacific, where infrastructure and insurance sectors are increasingly intertwined with seismic and climate risks, the stakes could not be higher. The data is clear:
The platform, called ENABLE (Enhancing Access to Battery Energy Storage System for Low-carbon Economies), will help countries
Explore how energy storage is transforming the energy transition in Asia-Pacific. Learn how DBS supports sustainable energy advancements for
The proposed regional TA aims to facilitate the scale up of battery energy storage system (BESS) deployment in the ADB''s DMCs to enable the high penetration of renewable energy
Gathering reputable independent generators, policymakers, banks, funds, off-takers, and cutting-edge technology providers, this Summit clarifies what successful energy storage procurement
Projected to grow significantly in the coming years, the APAC energy storage market benefits from various incentives, including government subsidies, tax breaks, and the
Through ENABLE, GEAPP is helping address the critical battery storage gap that could constrain the region''s clean energy
There are three ways Singapore can help to deepen capabilities for renewable energy project development and financing in this region. Download our full report here.
The Economic Research Institute for ASEAN and East Asia (ERIA) commissioned the Global CCS Institute (GCCSI) to study these four critical areas, leveraging GCCSI''s
To make projects more attractive, viability gap funding for 4GWh of grid-scale batteries has been proposed in India, apart from the Production Linked Incentive (PLI)
Investment opportunities in the Asia Pacific containerized energy storage system market are substantial, driven by the region''s expanding renewable energy projects and grid...
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