Aurora: Philippine BESS to earn 80–90% from reserves in early years
Aurora Energy Research expects a standalone BESS commissioned in 2027 to earn 80–90% of revenue from reserve markets (mainly regulating reserve) in its first one to five years, shifting to WESM arbitrage later. View: concentrated early revenue makes reserve-price risk the key lender question.
Project
- Aurora's Q4 2026 forecast: the system needs BESS equal to at least 20% of renewable capacity through 2060.
Financing
- No specific price figures were reported.
Policy
- DOE's February 2026 circular requires new variable renewable plants of 10 MW and above to add storage of at least 20% of capacity.
- Government target: renewables at 50% of supply by 2040.
Sources: Energy-Storage.News