March 8, 2019 Read More →

Statkraft plans 1GW virtual power plant in U.K.

Renew Economy:

Global hydropower and European renewable energy giant Statkraft announced Tuesday plans to build what it is calling the United Kingdom’s first virtual power plant to integrate wind, solar, battery storage, and gas which will have over 1 GW of power.

Statkraft explained on Tuesday that the new virtual power plant will monitor the operations of over 1GW worth of wind power, solar power, battery storage, and flexible gas engines and will compare it with the constantly updating Day Ahead, On-the-Day, and cashout price forecasts. This will allow for real-time optimisation of power trading in the British energy market.

Statkraft is further planning to double the capacity of the virtual power plant by the middle of the year. The increased flexibility provided by the virtual power plant will help facilitate the integration of intermittent power generation – such as that from wind and solar power – into the British electricity system, and subsequently help expand the UK’s renewable energy capacity.

“Our business model in the UK to producers of renewable power involves marketing renewable assets with maximum efficiency – for our partners, but also towards the power market,” explained Duncan Dale, Vice President Sales & New Products of Statkraft in the UK. “The idea is to match renewable power production with market demand within seconds. The increasing share of renewable energy in the UK will require a maximum of flexibility in the British power grid. By integrating batteries and engines into the virtual power plant and optimising their operations we can provide this flexibility reliably.”

Statkraft is already involved in Europe’s largest virtual power plant, interconnecting more than 1,400 wind and solar installations with an installed capacity of approximately 12 GW.

More: Statkraft plans 1GW solar, wind, storage “virtual power plant” in U.K.

 

Comments are closed.