Mandatory solar energy storage

How will the energy storage mandate impact China?

S&P Global estimates that the storage mandate has driven between 50 and 75% of domestic demand. With China accounting for around 56% of the global energy storage demand in 2024, the impact of such a policy change will be massive.

Is the energy storage mandate a big change?

This is a big change towards rationalization of renewables but hidden within that is a removal of the energy storage mandate,” George Hilton, research and analysis manager at S&P Global, tells ESS News. S&P Global estimates that the storage mandate has driven between 50 and 75% of domestic demand.

Are standalone energy storage projects economically viable?

With the cancellation of mandatory storage allocation, market attention has shifted to standalone energy storage. However, the economic viability of standalone projects remains under pressure. Historically, a major revenue source for standalone energy storage plants has been capacity leasing fees paid by projects coupled with new energy.

Should Reias mandate two-hour solar storage?

In an advisory to REIAs, state governments, and generating stations, MoP said distribution licensees could also consider mandating two-hour storage with rooftop solar installations. If the proposed mandates are implemented, the government expects approximately 14 GW/28 GWh of storage to be installed by 2030.