Denmark already has one of Europe’s highest renewable-energy penetrations, resulting in increased price volatility, lower capture prices and a rising number of zero and negative-price hours.
Could integrating battery storage help lift project returns across wind projects in Denmark?
Aegir Insights has published a new analysis providing a comparative view of how integrating battery storage improves the economics of Danish offshore wind, onshore wind and wind-solar projects, using Aegir Quant™’s integrated storage module.
Some takeaways from our analysis:
🔹Adding battery storage improves IRR across all assessed technology mixes.
🔹Especially combined wind-solar projects have a significant value gain.
🔹Substantial differences exist between Danish price zones and project locations due to unique resource and price volatility profiles.
Balancing revenues are expected to be an important revenue stream in the beginning. However, longer term this could be reduced due to the cannibalization effect as more storage and flexible services enter the market.
Aegir Quant™’s battery storage and hybrid module generates location-specific wind and solar generation profiles, aligned with price zone volatility forecasts to reflect future market dynamics – this combined with Aegir Quant™’s advanced technology forecasting and optimizations helps drive efficient commercial decision making.
Do you want more information on our analysis or explore hybrid business cases on your operational or development portfolio?
Reach out to us here to book a meeting.
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