South Africa’s battery energy storage market poised for growth

A South African energy project finance specialist estimates that the country’s near-term battery energy storage project pipeline could grow to about R53-billion over the coming three years, potentially making the country one of the largest adopters of such systems globally. The estimate includes assumptions not catered for in the country’s Integrated Resource Plan of 2019 (IRP 2019), however, and also assumes large growth in private battery storage investment.