BESS price surge, a setback for RE investment By Duruthu Edirimuni Chandrasekera View(s): View(s):The 30 per cent surge in prices for Solar PV and Battery Energy Storage Systems (BESS) over the last three months has rendered such investments financially unviable in the current climate, according to industry analysts. Even before these hikes, BESS was primarily feasible for larger installations, as duty-exempt bonded warehouse facilities were restricted to systems exceeding 1MWh). Another solar company official noted that the current fuel issue may present some opportunity for BESS for residential customers. But currently inquiry for residential systems is slow, he said. A prolonged fuel supply issue will popularise residential BESS.

Source: Sunday Times March 07, 2026 19:18 UTC