Nordic Solar identifies solar-plus-storage as an attractive investment.

“System fundamentals are pro-co-location,” said Juel Hanson. “We used to say: ‘renewables first’, but that was when solar was a limited part of the energy mix. Solar and storage are obvious partners because solar is so predictable, and most markets, except for maybe Finland, have a saturated demand for energy, with solar providing the most, leaving battery energy storage systems (BESS) … with no conflicting interests.”

“We go for co-located, but we see them as two business units sharing an address and a grid connection,” he continued, and when asked about whether his company would prioritise investing in a solar or storage project before another, added: “For us, it’s nothing ‘first’, it’s all together.”

Read the full article by PVTech.