Bess scheme North Macedonia

What is the Bess consortium?

The BESS Consortium is a multi-stakeholder partnership set up to ensure these BESS benefits transform energy systems across low- and middle-income countries (LMICs). The Consortium is on track to meet its target of securing 5 GW of BESS commitments by the end of 2024 and deploying these by the end of 2027.

How did the World Bank contribute to North Macedonia's wage subsidy scheme?

The result was an agreement by the World Bank to utilize €37 million from the LRCP to contribute to North Macedonia’s €80 million wage subsidy scheme. The World Bank helped design the support scheme and provided technical support to introduce a strong accountability and grievance mechanism, as well as increase transparency on the use of resources.

How can a first-mover country achieve 5 GW of Bess commitments?

Through the BESS Consortium, these first-mover countries are part of a collaborative effort to secure 5 gigawatts (GW) of BESS commitments by the end of 2024. In order to achieve the estimated 400 GW of renewable energy needed to alleviate energy poverty by 2030 and save a gigaton of CO2, 90 GW of storage capacity must be developed.

Where is ADB implementing Bess projects?

ADB is implementing BESS projects across Asia and the Pacific, from small-scale projects in the Maldives, Philippines, and Pacific Islands, to large-scale projects in Cambodia, Thailand, and Mongolia.