Unlocking the Energy Transition
Developing countries face challenges related to energy imports, volatile prices, and fuel dependency, often leading to fiscal crises due to expensive thermal generators. Integrating renewable energy with storage systems offers a cost-effective solution, enhancing grid flexibility and reducing reliance on fuel-based generation. Private investment, facilitated by long-term power purchase agreements with independent producers, plays a crucial role. While still a small portion of the market, solar-plus-storage projects are growing rapidly, providing opportunities for developing countries to unlock private capital and reduce dependence on public funding, particularly focusing on utility-scale implementations.
