Co-location

Adding energy storage to PV projects offers significant opportunities for futureproofing investments and enhancing grid stability, writes Gabriele Buccini, head of utility storage for Europe at Trinasolar.

The Australian government has released its first National Renewable Energy Priority List, which includes an additional 16GW of renewables.

The European Investment Bank (EIB) has committed €250 million to support the development of Burgenland Energie’s 2GW solar and wind portfolio.

Construction has started on a 400MWh battery energy storage system (BESS) that will be co-located with Acen Australia's 720MW New England solar PV power plant in New South Wales, Australia.

Australia’s Mount Isa City Council in Queensland has released an economic roadmap detailing that the region has some of eastern Australia’s highest potential for co-located solar and wind, with a possible generation capacity of over 26GW.

The Indian Central Electricity Authority has advised state utilities and all renewable energy implementing agencies to co-locate energy storage systems with solar PV in future tenders.

Renewable energy and battery storage assets are best thought of as 'two business units sharing an address'.

Individual market dynamics and appetite for risk play an important role in the effectiveness of co-location as a hedge for renewable assets.

Co-located solar and battery projects are among the most cost-competitive power sources, according to speakers at the Energy Storage Summit.

Growing hybridisation and co-location of renewable power projects and storage facilities could strengthen revenue in Europe’s power sector.