West Asia 2025 Energy Storage Projects

Will Vietnam reach 300MW energy storage by 2030?

In the Eighth Power Development Plan (PDP 8), Vietnam set a target of developing at least 300MW of energy storage by 2030. A substantial BESS pilot project under Vietnam Electricity was launched in early 2024, but a lot of work is required for the country to reach this capacity goal.

Will China build 100 GW of battery storage capacity by 2030?

China aims to build 100 GW of battery storage capacity by 2030 as it looks to fully harness the raft of clean energy projects either completed or being developed. Renewables now make up more than half of power generation capacity in the country.

How much SAF will Asia produce by 2025?

Forecasts suggest that Asia will produce over 1.8 million tonnes of SAF by 2025, yet this equates to less than 1.5% of the region's jet fuel consumption, exposing a significant supply and demand discrepancy. We expect traditional downstream energy companies to increasingly invest in this emerging field.

Which countries will be the largest offshore wind market in Asia?

Investors are focusing on Japan and South Korea for opportunities and Japan will likely emerge as the largest offshore wind market in Asia. BESS – Riding the Renewable Energy Growth. As renewable energy sources continue to expand, maintaining grid stability and reliability becomes increasingly challenging.

Can battery storage be integrated into the existing power grid in Vietnam?

It is still very much early days for the BESS industry in Vietnam. The Electricity and Renewable Energy Authority (EREA) of the Ministry of Industry and Trade is bringing stakeholders together in an attempt to understand how battery storage can be integrated into the existing power grid.

Which countries are launching a hydrogen subsidy programme in 2025?

China and Japan are scaling up projects, while the Japanese and South Korean governments have launched hydrogen subsidy programmes that start from 2025. We feel there is much work to be done – investors need to build the value chain for these products.