SMC Global Power Holdings Corp. expects to complete several battery energy storage systems with a total capacity of 1,000 megawatt-hours by next year.
The company said around 470-MW projects would be completed this year until the first quarter of 2021, while the remaining 530-MW projects will be finished by the second to fourth quarter next year.
“We see an opportunity to contract more than 2,200 MW in capacity across the Philippines representing uncontracted ASPA [ancillary service procurement agreement] requirements and non-firm ASPA contracts,” SMC Global Power said in a presentation to the Philippine Dealing & Exchange Corp.
The company said that because of aging plants and large renewable capacity (1,100 MW installed capacity of solar and wind as of 2019), there was a need to maintain grid reliability and stability and prevent load dropping and blackouts.