EU Approves Revised EPBD, Germany Expands
According to China Storage Vision, several regions in Germany will expand mandatory photovoltaic (PV) installation policies for buildings
(PNA) MANILA – New and existing buildings are now required to use solar photovoltaic (PV) and other renewable energy (RE) technologies with the Department of Energy's (DOE) issuance of a policy on the adoption of the guidelines on the energy-conserving design of buildings.
Photovoltaic arrays must be installed in accordance with the requirements of AS/NZS 5033:2014 Installation and safety requirements for photovoltaic (PV) arrays. Amendment 2 was published on 29 June 2018 and came into effect on 29 June 2019.
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.
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.
S&P Global expects the move to reverberate through the global battery storage supply chain, further driving down prices already at historic lows. From ESS News New renewable energy plants in China will no longer be required to build storage in order to secure development rights and grid connection.
“China was on-track to install over 60% of all utility scale storage globally in 2025 and so in the absence of further policy changes, about 45% of global demand has just been wiped away,” Hilton says. The ripple effect on the global demand-supply balance will involve further downward pressure on energy storage prices.
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