Combining solar and wind farms with large battery storage systems at a single location, known as co-location, offers many advantages. For example, it reduces the risks for renewable energy plant operators by diversifying revenue streams, protecting against price cannibalisation and shifting generation or feed-in to the evening hours.
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The economic efficiency of battery storage can be increased through cost savings resulting from a shared grid connection point and faster grid connection. Advantages for the electricity supply include fewer grid bottlenecks, avoided feed-in restrictions for plants and better utilisation of scarce grid resources.
Expert analysis: Key challenges and opportunities for the European renewable energy market
The main obstacle to market introduction is the regulatory environment. However, some European countries are already on the way.
To learn more about co-location, don't miss our daily focus from 7 to 11 July at 6 p.m. (Monday to Thursday). (hcn)
