It is found that adding storage to a large-scale solar project is more profitable technically and financially with greater large-scale solar capacities and smaller storage capacities. Nevertheless, with the current energy prices in Malaysia, projects that include only energy storage are not financially profitable.
Large-scale solar is a non-reversible trend in the energy mix of Malaysia. Due to the mismatch between the peak of solar energy generation and the peak demand, energy storage projects are essential and crucial to optimize the use of this renewable resource.
Malaysia plans to increase its renewable energy capacity from currently 4.43 GW–10.944 GW by 2035. Since peninsular of Malaysia has high solar potential, hence the government plans to install utility-scale battery energy storage systems to support solar power generation in the country .
Due to the energy prices in Malaysia, the projects that include large-scale solar only are more profitable technically and financially than those including large-scale solar and energy storage. It is found solar capacities and smaller storage capacities.
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REQUEST SPECSLatest developments in containerized energy storage technology, project case studies, and industry insights from our team of renewable energy experts.
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