Hybrid Power Purchase Agreements are a response to this challenge. A Hybrid PPA combines two or more sources of renewable energy, typically wind and solar, but also potentially including energy storage systems like batteries.
Hybrid PPAs are an emerging solution to the challenge of maximising the commercial value of co-located solar and storage. Image: Business Wire. 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. In the world of power infrastructure, we may broadly define “co-located” assets as those that share a single connection to the grid.
The adoption of Hybrid PPAs offers numerous advantages for both buyers and sellers in the renewable energy market: Enhanced Reliability: By combining multiple renewable sources and energy storage, Hybrid PPAs provide a more stable and reliable energy supply, reducing the risk of intermittent power disruptions.
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Enhanced Reliability: By combining multiple renewable sources and energy storage, Hybrid PPAs provide a more stable and reliable energy supply, reducing the risk of intermittent power …
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Enhanced Reliability: By combining multiple renewable sources and energy storage, Hybrid PPAs provide a more stable and reliable energy supply, …
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