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A positive business case for combined wind, solar and storage

A positive business case for combined wind, solar and storage


ARNHEM, the Netherlands – 31 August 2017 Adding energy storage to renewable energy installations such as solar plants or wind turbines, is becoming more interesting every day. A positive business case is now feasible in certain specific situations. In the Netherlands, for example, DNV GL has found that a positive business case is possible for agricultural cases where energy storage would be added to existing wind turbines expanded with rooftop or field solar. Return on investment is achieved within 7 to 9 years. The positive business case is achieved with revenue stacking: grid connections costs are reduced, participation in grid balancing markets or frequency regulation and optimizing the self-consumption of the renewable energy output.

DNV GL participated in the WindStock project for Topsector Energie, together with Greenchoice, Windunie and EnergyStorageNL. The scope of the project is about feasibility of combining wind, solar and storage. In the project four scenarios were examined:

1. wind & storage
2.storage in isolation
3.wind & solar & storage

Main project conclusions
An interesting result was that, when determining an optimal configuration of wind, solar and energy storage, the grid connection at the site does not have to be expanded. Also, the storage system’s charging profile can be optimized by drawing upon both renewable energy sources.

Another benefit of a well configured wind, solar and storage system is the possibility to participate in the imbalance and/or frequency containment reserve (FCR) markets. As an important side note, with a relatively small European FCR market volume, there is a risk of price decline due to increasing amount of supply of reserve power. A strategy is advised where both FCR and potentially the imbalance market are targeted.

To unlock all benefits of wind & solar & storage, it is essential to use an intelligent control system and operation algorithm so that storage performance can be optimized to obtain maximum yield of the various revenue streams.

The WindStock consortium is currently considering the actual implementation of the viable options of energy storage linked to wind power generation.

Source: dnvgl
Anand Gupta Editor - EQ Int'l Media Network


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