Energy Storage News•21 days ago
Standalone solar no longer enough in Europe as storage takes centre stage
Key Takeaway
The European solar market is rapidly evolving, making co-located battery storage a critical component for new projects to ensure viability, attract investment, and meet grid demands.
AI Summary
- •Standalone solar projects in Europe are increasingly challenging, necessitating the integration of co-located battery storage for new developments.
- •The market is shifting towards valuing dispatchable power, impacting project economics, hedging strategies, and PPA structures for solar assets.
- •Major investors like Nuveen Infrastructure are actively discussing and likely prioritizing co-located solar-plus-storage projects, indicating a significant trend in project financing and development.
Topics
financingpolicyppasolarstorage
Article Content
“Standalone solar is not dead, but it is challenging,” said Pierre Bartholin, head of power hedging at investor Nuveen Infrastructure, opening the debate at Solar Media’s Solar Finance Investment Europe (SFIE) conference in London on the future of co-located battery storage.