hybrid projects

Despite last year seeing a record 73GW of renewable energy utility-scale tenders, it has also witnessed a rise in undersubscribed tenders

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

Blueleaf Energy has reached financial close for a 200MW solar-plus-wind hybrid project, under development in Madhya Pradesh, India.

Adani Green Energy has published its results for the 2024 financial year, which include a 33% growth in revenue from power generation.

India has more than trebled utility-scale renewables tender capacity to 69.8GW in fiscal year 2024, 48% of which was from solar PV.

Sembcorp has signed two 18-year power purchase agreements (PPAs) with Equinix to supply 75MW of solar power to the latter’s facilities.

Grid connection backlog increased by 27% YOY in the US with about 2.6TW of generation and storage capacity now seeking grid interconnection.

Turkey's installed solar capacity has surpassed wind thanks to the addition of hybrid projects, adding 510MW of capacity to the solar sector.

EDP Renewables has commissioned its second solar-plus-wind hybrid project in Portugal, which boasts a generation capacity of 43.8MW.

The co-location of renewable generation and energy storage demands new contractual arrangements to make such projects commercially viable. Jack Rankin, Miguel Valderrama and Brian Knowles of Pexapark explore how hybrid PPAs are becoming a favoured solution for structuring deals that capture the full value of both assets.