Europe: New Fund To Upgrade Solar And Wind Assets With Battery Storage
The title of this post, is the same as that of this article on Review Energy.
This is the sub-heading.
The Aream Group has launched a new European investment vehicle targeting the renewable energy sector, with a strategy that combines power generation, storage and electricity marketing.
These three paragraphs add more details to the story.
The Clean Energy Future Fund II (CEFF II) will focus on integrating renewable generation assets with battery storage systems to improve the use of grid connections, which are increasingly scarce across European markets. According to Markus W. Voigt, Executive Chairman of aream Group, the hybrid model is designed to respond to growing volatility in electricity markets.
“With this hybrid approach, we are leveraging the changes and increased volatility in the European electricity markets for the benefit of our investors,” Voigt said.
The fund will primarily invest in Europe, with a particular focus on Germany, and will build on an existing portfolio of operational assets. A central element of the strategy is the addition of battery storage to solar and wind farms, allowing them to evolve from pure generation assets into providers of grid services.
I have a Google Alert which looks for “Energy Storage Fund” and this story was one of nine substantial stories.
This story talks about €400 million and two others talk about €300 million and AU $ 1.4 billion, respectively.
So hopefully, this money will help to mop up some of the energy wasted, when wind farms are curtailed.
Certainly, these funds don’t seem to have difficulty finding money to invest.
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