Asian Development Bank signs US$7.2m loan for Thailand wind-plus-battery project

Published onMay 21, 2020

The Asian Development Bank (ADB) has signed a loan deal for its first wind energy-plus-battery storage project in Thailand, which is also the country’s first private sector initiative to combine the two technologies at scale. The ADB told this morning that it will lend THB235.55 million (US$7.2 million) for the construction of the Southern Thailand Wind Power and Battery Energy Storage Project, has added an “integrated” 1.88MWh battery energy storage system (BESS) to an existing 10MW wind turbine power plant. The addition of the BESS is being considered a pilot scheme that could go on to be replicated and scaled-up elsewhere in Southeast Asia. An ADB representative said the project “represents a number of firsts for ADB, particularly related to battery storage.”