Storage

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.

Germany is poised to introduce new rules aimed at removing electricity peaks and negative pricing associated with surplus generation of solar power.

Meridian Energy, a New Zealand state-owned energy company, has secured planning consent for its 120MW Ruakākā Solar Farm in Tai Tokerau Northland.

Australia’s Clean Energy Council said 2024 was the best year for renewable energy investment since 2018, with AU$9 billion committed.

The projects will be developed by Sun Tribe Development and ENGIE across the US states of Virginia, Tennessee and Kentucky.

Located in the solar hotbed region of Atacama in northern Chile, the Domeyko project will have an 83MW solar PV capacity and 660MWh battery energy storage system (BESS) capacity.

South Australia-based solar PV developer Green Gold Energy has received consent from the South Australian government for a 200MW solar-plus-storage site.

Three investments into the US community solar sector paint a picture of a fast-growing sector being targeted by private asset managers.