Two major areas of international trade that will remain causes of concern for energy storage projects are the application of tariffs and supply chain integrity.
Governments should develop strategies to diversify energy imports and avoid overdependence on a single country or region and should ensure a stable source of energy imports in the event of geopolitical conflict by entering into long-term energy supply agreements with multiple energy-exporting countries.
Mitigating tariff risk in battery energy storage system (BESS) projects is crucial for ensuring project financial viability, as tariff changes can significantly affect cost structures and overall project economics.
For energy exporters, trade restrictions may lead to lower fiscal revenues and a worsening investment environment, further weakening their economic growth momentum. For energy importing countries, trade restrictions lead to a decline in energy imports, affecting the normal operation of national industries. Table 5.
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Two major areas of international trade that will remain causes of concern for energy storage projects are the application of tariffs and …
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