Energy Storage News•about 1 month ago
UBS upgrades China BESS installation forecast, industry to ride policy tailwinds
Key Takeaway
China's evolving energy storage policy, characterized by the removal of mandatory renewable energy storage and the introduction of new storage-specific regulations, signals a dynamic and potentially lucrative market for BESS developers and large power consumers.
AI Summary
- •UBS has upgraded its forecast for Battery Energy Storage System (BESS) installations in China, indicating strong market growth.
- •China's energy storage market is undergoing significant policy-driven changes, creating a dynamic environment for developers.
- •Document No. 136 has scrapped the mandatory energy storage allocation requirement for renewable energy projects, potentially shifting market dynamics for developers.
- •New policies specifically governing 'new energy storage' are being rolled out, which will shape future project development and operational frameworks.
Topics
policystorage
Article Content
With Document No. 136 scrapping the mandatory energy storage allocation requirement for renewable energy and the rollout of policies governing new energy storage, China's energy storage market is going through a period of dynamic change.