Developers must use all the tools at their disposal and be aware of the frontline climate risks that battery storage projects in Southeast Asia will be subject to.
The rising costs of coal and gas mean that the adoption of renewable energy is a “survival issue” for countries in Southeast Asia, and energy storage is critical to the transition.
“Policy and market frameworks must evolve” in ASEAN countries to unlock the full value of energy storage in the region’s energy transition, according to a new report.
Vietnam’s government will “amend policies” to support production of clean energy technologies, a minister has said at the opening of a battery energy storage system (BESS) factory.