PPAs | 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
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 In the world of power infrastructure, we may broadly define “co-located” assets as those that share a single connection to the grid.
With a hybrid PPA, the idea is to get the best of the two worlds: potentially generate revenues through grid services, while improving the investment returns of the renewable asset. The first financial-benefits touchpoint of consider-ing co-locating a renewable asset with storage is the cost savings from the shared grid connection.
In that context, a co-located resource refers to a project in which the storage and generation resources both have separate resource IDs and are viewed as two separate resources by the system operator. A hybrid resource on the other hand has a single resource ID and is viewed as a single integrated resource by the system operator.
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PPAs | The co-location of renewable generation and energy storage demands new contractual arrangements to make such projects commercially viable. Jack Rankin, Miguel
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We discuss these in more detail in New Tax Credits and Monetization Opportunities for Energy Storage Have the Chance to Revolutionize the Industry. Changes in Law: Energy storage
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