Energy storage could ‘drive development’ in emerging economies

Singapore-based Equis has launched GreenPoint Energy, a wholly owned subsidiary consolidating its Australian renewable energy and battery storage operations under a dedicated platform with a 2.5GW portfolio of 12 battery energy storage systems (BESS) and wind projects across every National Energy Market (NEM)-connected state.

Hungary is entering a new phase of its energy transition, opening up new opportunities for energy storage investment. But bankability is still a challenge, so equity investment is needed, writes lawyer Daniel Orosz.

Lenders are increasingly willing to back large-scale BESS projects in Germany that don’t have any contracted revenues, although that merchant risk is priced in to structures, an executive at Aquila Clean Energy EMEA said.

The power generation arm of Manila Electric Company (Meralco), the Philippines’ largest private electricity distributor, has completed a grid-scale battery storage project.

The US clean energy manufacturing industry is starting to undergo a wholesale restructuring and recapitalisation as companies look to reduce their exposure to numerous risks, including FEOC.