Battery storage as an additional factor
Hybridisation does not necessarily mean combining different types of production. Instead, a storage technology is often added - in practice, usually a battery storage system, often in combination with photovoltaics. This is particularly useful if plants have to be regulated temporarily or if a high proportion of renewable energies in the grid leads to falling revenues due to cannibalisation effects.
The electricity produced can then be stored and fed in at a later point in time when the plant produces little or no electricity at all. This load shifting optimises the utilisation of the grid connection and allows electricity to be sold at higher prices during the day.
Compared to wind-photovoltaic hybrid systems, PV battery combinations offer clear benefits: lower approval hurdles, less space required and less potential for residential conflict.
Battery storage systems can also be usefully added to existing wind-photovoltaic hybrid plants if simultaneous production peaks regularly lead to bottlenecks.
Opportunities for investors
Hybrid plants can be a more stable source of revenue than single technologies. Combining different types of generation or battery storage compensates for fluctuations in yield. This makes investments in renewable energies particularly attractive for long-term investors who rely on reliable cash flows and at the same time improves the negotiating position for power purchase agreements (PPAs).
There are also economies of scale due to the common grid connection: The costs are spread over more kilowatt hours. The electricity is getting cheaper. And Hybridisation enables diversification, both in terms of generation types and technology and yield risks.
After all, in some regions of Europe, hybridisation is the only viable way to build new renewable energy capacity in the foreseeable future. Those who invest here early will benefit from a market segment that is still less occupied.
Nevertheless, challenges remain: The development of hybrid plants requires complex planning and coordination. Regulatory frameworks vary considerably from country to country. And economic success depends heavily on the specific design.
What this means for klimaVest investors
Hybridization optimises what is available. But the energy transition also needs more of this: more network. This is precisely why klimaVest expanded its portfolio by 2025 with a third component - in addition to wind and solar power plants, it now also includes grid infrastructure. With an indirect stake in Amprion, klimaVest is investing in one of the four German transmission system operators. Its high-voltage lines bring renewable electricity to where it is needed.
Wind + Solar + Grids: This is the completeness that the energy transition needs.