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ADB assistance will support Gulf’s long-term net-zero greenhouse gas (GHG) emissions target and Thailand’s 5-gigawatt (GW) renewable energy feed-in-tariff (FIT) program for 2022– 2030. This program will double Thailand’s wind and solar capacity, helping Thailand meet its climate commitments. The project will promote the deployment of solar with integrated BESS, which is critical to integrate a growing share of intermittent renewable energy and decarbonize the power sector.
The proposed regional TA aims to facilitate the scale up of battery energy storage system (BESS) deployment in the ADB's DMCs to enable the high penetration of renewable energy development, achieving the climate change goals in faster pace.
The project will contribute to regional progress in achieving Sustainable Development Goal 7: expanding universal access to affordable, reliable and modern energy services by 2030. Through the adoption of clean energy by more service providers like telecom operators and implementation of modern rural electrification projects, sustainable and distributed energy solutions will enhance quality of life and drive increased economic activity across the region. The project will play a pioneering role in demonstrating the commercial viability of distributed energy storage in the Asia and Pacific region, encouraging widespread investment in energy storage and renewable energy across ADB DMCs.
To support the energy transition in nine developing countries by increasing access to affordable, reliable, modern, and sustainable electricity