Batteries reshape solar pricing in California market
Aurora Energy Research has found that energy storage is raising the value of negatively priced solar electricity by up to $42/MWh in the California Independent System Operator (CAISO) wholesale market.
Utility-scale BESS to drive Czechia’s storage market
Aurora Energy Research says regulatory shifts in Czechia are creating strong short-term revenue prospects for utility-scale battery storage, with a two-hour system commissioned next year projected to earn an internal rate of return above 15%.
Aurora Energy Research launches PPA valuation software in Europe
Aurora Energy Research has rolled out Lumus, a contract valuation tool that helps energy market participants assess long-term risk in power purchase agreements (PPAs) across key parts of Europe.
Negative electricity prices and grid bottlenecks in Europe threaten renewable energy targets
Analysts at Aurora Energy Research expect installed wind and PV capacity in Europe to more than triple by 2050, but expansion might not be enough to meet European climate targets.
CfD auctions must break records to hit UK solar targets, says Aurora Energy Research
Big results needed in next two contracts for difference (CfD) allocation rounds to hit UK renewables targets, according to Aurora Energy Research. Solar likely to benefit from greater CfD budgets as government targets faster deployment, Marc Hedin, head of research for UK and Ireland, tells pv magazine.
Weekend Read: Agreeing on green hydrogen
In November 2022, Germany’s Energie Baden Württemberg and steelmaker Salzgitter Group signed one of Europe’s first power purchase agreements (PPAs) for hydrogen production. More have followed and with the European Union introducing rules to govern green hydrogen, an industry is planning for its future.
Europe to add 58 GW of solar in 2023
Europe’s solar installation levels are exceeding expectations and are on track to grow 30% this year from 2022, according to Rystad Energy.
Impact of overcapacity on solar stocks
BloombergNEF Senior Analyst Jenny Chase and Aurora Energy Research Renewables Lead Rebecca McManus speak with pv magazine about financial market trends for solar companies and the role of overcapacity as a driver of turbulence in the industry.
Europe’s big battery fleet to surge to 95 GW by 2050, says research firm
According to Aurora Energy Research, Europe is on track to install at least 95 GW of grid-scale battery energy storage systems by 2050, up from 5 GW of installed capacity today, and representing more than €70 billion ($76.9 billion) of investment.
UK power capacity auctions turbocharging battery storage sector
Battery energy storage saw a major increase in contracted capacity in British auctions this year, with many utility-scale projects securing long-term deals. The business case, however, is not as strong for all storage durations.
