The recent advances in battery technology and reductions in battery costs have brought battery energy storage systems (BESS) to the point of becoming increasingly cost-effective projects to serve a range of power sector interventions, especially when combined with PV and where diesel is the alternative, or where subsidies or incentives are used. Quantifying the economic impact of BESS requires a high level of temporal granularity in the analysis, because the time-steps required for a reliable assessment of costs and benefits are much shorter than the usual annual time steps of many power sector investment projects. In short, there is as...
This video features CCREEE's Project Development Associate, Sapphire Vital, and outlines the results of the Caribbean Energy Projects Baseline Study. Results of the study present the case for the establishment of the Project Preparation Facility (PPF) which was launched in November, 2020.
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