Combining solar and wind farms with large battery storage systems at a single location, known as co-location, offers several advantages. It reduces risks for renewable energy plant operators by diversifying revenue streams, mitigating price cannibalisation and shifting generation or feed-in to the evening hours.
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The economic efficiency of battery storage can be improved through cost savings from a shared grid connection point and faster access to the grid. Benefits for the electricity system include reduced grid bottlenecks, fewer feed-in restrictions for plants and more effective use of limited grid capacity.
Expert analysis: Key challenges and opportunities for the European renewable energy market
The main obstacle to market introduction remains the regulatory environment. However, some European countries have already started to move in the right direction.
To learn more about co-location, follow our daily focus from 7-11 July at 18:00, Mon to Thurs. (hcn)
