Our CFO took part in a panel at ASEAN Solar + Energy Storage Congress & Expo, with the topic: Will Solar + Energy Storage Go Gentle into the Bright Future in ASEAN?
Our CFO opinion:
– The economic case is very strong for diesel replacement on which many islands in Philippines and Indonesia still depend.
– The economic case for anything on-grid is still weak (curtailed farms, high arbitration).
– To be investible, storage projects need incentives, for example for grid stabilisation payments, higher tariff from out-of-storage power or a generally higher tariff with minimum storage capacity.
– Most investors shy away from spot/merchant market projects.
Thanks for moderating Bence Szegedi and thanks for discussion Jerome Ferreria, James Lok, Lei Zhang and Dinesh Pardasani!”