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    Windey-Co-Locating Energy Storage With Wind 16.20

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    Steven Leif Essel
    The document discusses co-locating energy storage with wind projects. It introduces Windey, a wind power company, and examines three case studies of co-locating battery energy storage systems with wind farms under different revenue models. The case studies find that co-locating storage provides the highest revenue uplift and internal rate of return when the storage participates in wholesale energy trading or through a hybrid power purchase agreement combining curtailment compensation and wholesale trading.

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    Windey-Co-Locating Energy Storage With Wind 16.20

    Uploaded by

    Steven Leif Essel
    45 views21 pages
    The document discusses co-locating energy storage with wind projects. It introduces Windey, a wind power company, and examines three case studies of co-locating battery energy storage systems with wind farms under different revenue models. The case studies find that co-locating storage provides the highest revenue uplift and internal rate of return when the storage participates in wholesale energy trading or through a hybrid power purchase agreement combining curtailment compensation and wholesale trading.

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    Windey-Co-Locating Energy Storage with Wind 16.20

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    The document discusses co-locating energy storage with wind projects. It introduces Windey, a wind power company, and examines three case studies of co-locating battery energy storage systems with wind farms under different revenue models. The case studies find that co-locating storage provides the highest revenue uplift and internal rate of return when the storage participates in wholesale energy trading or through a hybrid power purchase agreement combining curtailment compensation and wholesale trading.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    45 views21 pages

    Windey-Co-Locating Energy Storage With Wind 16.20

    Uploaded by

    Steven Leif Essel
    The document discusses co-locating energy storage with wind projects. It introduces Windey, a wind power company, and examines three case studies of co-locating battery energy storage systems with wind farms under different revenue models. The case studies find that co-locating storage provides the highest revenue uplift and internal rate of return when the storage participates in wholesale energy trading or through a hybrid power purchase agreement combining curtailment compensation and wholesale trading.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 21

    Co-Locating Energy Storage with

    Wind Projects
    Tao Han
    20/02/2024
    Contents

    • Introducing Windey
    • What is Co-location
    • Windey’s Modelling Tools
    • Case studies
    • Case 1: Contract For Difference Only
    • Case 2: Wind + BESS Wholesale Trading Only
    • Case 3: Hybrid PPA
    • Summary
    Who we are?
    A leading enterprise in the wind power industry, a
    comprehensive new energy service provider

    50+years 36GW+ 1GWh+ 166+ 87%


    Of Wind turbines Energy storage million tons Compound Annual
    History
    installed CO₂ Emissions Growth Rate over 5
    Reduction years
    HAVE THE COURAGE TO EXPLORE
    Continue to empower the green energy industry
    RIDE THE WIND
    AND RIDE THE WIND

    Comprehensive
    EPC Energy System
    Solutions

    Full Wind Power Industry Chain

    Photovoltaics Turbine Smart Supply Project Smart


    Investment grid
    sales O&M chain development

    Energy
    Storage
    What is Co-location

    Deploying different types of energy generation technologies


    or facilities in close proximity to each other. This can involve
    combining multiple energy sources, such as solar, wind, or
    storage systems, within the same grid connection point.
    Windey’s Onshore Co-location Cases

    Xinjiang · Hami
    70MW wind & solar
    +7.5MW/15MWh energy
    storage system

    Gansu·Subei
    150MW wind
    +30MW/60MWh BESS
    Windey’s Offshore Co-location Case

    Xiangshan · Zhejiang 2023

    56 wind turbines were equipped


    540kWh battery systems
    • The systems provide back-up power,
    replacing the need for a diesel
    generator
    • Auxiliary services also provided
    including frequency response
    Co-location Benefits and Challenges
    Benefits Challenges
    Developer
    • Cost saving • Expertise in both wind and BESS
    • Revenue staking • Revenue optimization
    • Grid connection utilization • Price uncertainty
    • Bankability
    ESO
    • Grid stability • Metering

    • Reducing grid curtailment • Regulations


    Demo Project

    • 50MW onshore wind farm + 25MW BESS


    • One year wind data (6.5 m/s AMWS)
    • Add forecast error to wind data
    • One year of wholesale electricity price data
    • European CFD price for class III site
    • European average CAPEX for wind farm
    • European average CAPEX for 1h, 2h and 4h+ BESS
    Modelling Wind Farm and BESS
    Input EcoSync Output

    Farm layout Revenue


    Wind forecast Setpoints
    Turbine data Energy yield & fatigue loads Turbine fatigue life
    Electricity price Battery cycle life
    …… ……

    Optimizer

    SoC & SoH


    Case 1: Contract For Difference Only

    • CfD/PPA (at 7.5p/kWh)


    • Shared Grid Connection
    • BESS Charging solely off wind

    No Optimization Pressure to do much


    Case 1: Performance
    IRR 15/30 Years
    10

    IRR %
    No uplift in revenue 4

    0
    0 1 2 3 4 5 6 7

    -2
    BESS Capacity (hours)

    iir_15y
    15 years iir_30y
    30Y
    30 years
    Case 2: Wind + BESS Wholesale Trading Only

    • Buy / Sell wholesale


    • Shared Grid Connection
    • BESS Charges From Grid and Wind Farm
    • Price Arbitrage

    Optimization via Energy Time Shifting


    Case 2: Optimization Strategy (Wholesale)
    Case 2: Performance

    IRR 15/30 Years


    Uplift in Revenue
    60 13
    16.1% uplift
    12
    50
    11

    10
    40

    IRR %
    9
    35.5% uplift
    Uplift %

    8
    30
    7

    20 6

    10 4
    0 1 2 3 4 5 6 7

    0
    BESS Capacity (hours)
    0 1 2 3 4 5 6 7
    15 years 30 years
    BESS Capacity (hours)
    Case 3: Hybrid PPA

    • Windfarm on CFD (at 7.5p/kWh)


    • BESS Buy / Sell wholesale
    • Shared Grid Connection

    Optimization via Energy Time Shifting


    Case 3: Grid Connection constraint 50MW (Hybrid)
    Case 3: Performance

    Uplift in Revenue IRR 15/30 Years


    50 13
    15.8% uplift
    45 12

    40 11

    35 10

    IRR %
    30 9
    34.5% uplift
    Uplift %

    25 8

    20 7

    15 6

    10 5

    5 4
    0 1 2 3 4 5 6 7
    0
    0 1 2 3 4 5 6 7 BESS Capacity (hours)
    BESS Capacity (hours) 15 years 30 years
    Summary
    Case 1 Case 2 Case 3
    Configuration CFD Wholesale Hybrid PPA
    Best BESS spec 0 25MW/100MWH 25MW/100MWH
    Revenue Uplift % - 42.1% 41.8%
    15 years IRR Uplift% - 35.6% 34.5%
    30 years IRR Uplift% - 16.1% 15.8%

    • Both wholesale trading and hybrid PPA add value to the grid connection
    • Cases 2 and 3 have similar results due to wind conditions and wake
    effects. There are about 600 hours (7%) per year where the output is
    limited.
    • Hybrid PPA can help to reduce revenue uncertainty and improve
    bankability
    • Hybrid PPA could provide valuable routes to market for co-location in
    the future
    Thank you for listening
    Special thanks to Renewable
    Exchange for their invaluable
    Let's continue the conversation insights and expertise on PPA

    at Booth 21. See you there!

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