Subscribe To Premium
Premium Homepage
Archive, News

Energy storage could ‘drive development’ in emerging economies

By Andy Colthorpe
February 7, 2017
Grid Scale, Off Grid
Business, Market Analysis, Policy
LinkedIn
Twitter
Reddit
Facebook
Email

Energy storage deployments in emerging markets could grow 40% annually over the next five years, from 2GW today to 80GW, but barriers include the lack of access to low-cost capital, a new report from the International Finance Corporation has found

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual
View all benefits & pricing

Or continue reading this article for free

access to capital, bankability, developing countries, developing regions, emerging markets, ifc, international finance corporation, investment, latin america, low cost finance, microgrids, southeast asia, world bank group

Read Next

kyon obton battery germany
Premium

TotalEnergies’ possible German BESS divestment ‘mainly about recycling capital’

November 6, 2025
TotalEnergies is reportedly considering selling a stake of ‘about 50%’ in a portfolio of BESS projects in Germany it is deploying via Kyon Energy.
Image: Akaysha Energy.

Akaysha Energy bags AU$460 million for 1,244MWh BESS in Victoria, Australia

November 6, 2025
BlackRock-backed Akaysha Energy has secured AU$460 million (US$299 million) in construction financing for its 311MW/1,244MWh Elaine battery energy storage system (BESS) in Victoria, Australia.
The discussion took place at the event hosted by our publisher Solar Media last week in Greater Noida. Image: Solar Media

Aggressive pricing and emerging C&I models reshape India’s energy storage outlook 

November 5, 2025
India’s energy storage industry is at a turning point as developers, financiers, and policymakers work to define viable business models for the next wave of large-scale battery projects. 
Hazelwood, a 150MW/150MWh BESS asset co-developed by Eku in Australia, where the company has benefitted from a variety of commercialisation options, Nick Morely said. Image: Eku Energy

Victoria approves 2,200MWh of battery storage through streamlined pathway in Australia

November 3, 2025
The Victoria government in Australia has approved a 300MW/1,200MWh BESS in Gippsland and a 332MW solar PV power plant with integrated storage in the state’s northeast region.
EBRD financing will support the construction of two solar and storage projects from Saudi developer ACWA Power. Image: ACWA Power.

EBRD provides US$142 million for Uzbekistan’s first gigawatt-scale solar PV and energy storage portfolio

October 31, 2025
The European Bank for Reconstruction and Development (EBRD) has provided US$142 million in financing for the construction of a 1GW solar and 1.3GWh battery energy storage system (BESS) portfolio in Uzbekistan.

Most Popular

Plus Power secures US$160 million for New England BESS projects

Xcel Energy plans 600MW ‘US Midwest’s largest BESS project’ in Minnesota

Aggressive pricing and emerging C&I models reshape India’s energy storage outlook 

Illinois: Advocates, industry welcome clean energy legislation that includes 3GW energy storage target

GridStor’s 440MWh Texas BESS begins operations

Victoria approves 2,200MWh of battery storage through streamlined pathway in Australia

Email Newsletter