In the world of power infrastructure, we may broadly define “co-located” assets as those that share a single connection to the grid. Although various co-location schemes could be devised in this context, there is one which has gained great relevance in recent times: the co-location of renewable energy generation (RES) – especially solar PV – and battery energy storage systems (BESS). Indeed, the combination of two asset classes traditionally viewed as stand-alone may offer a plethora of advantages, for example optimising output and minimising losses through complementary dispatch profiles, slashing project costs thanks to equipment sharing, or simplifying administrative procedures by amalgamating permit applications.
However, for all the potential benefits that co-location can bring, trying to combine two complex assets in a way that is both technically and commercially viable poses a wide array of challenges: What is…
