When Do Hybrid PV Projects Become Mainstream in Europe?

premium account

Recording of Wednesday, May 07, 2025 | The smarter E Europe | Conference Program | Language: English | Duration: 17:46 .

UK Pioneers Europe's Co-Located Renewable Projects with Market Expected to Triple by 2034

Cecilie Kristiansen from Wood Mackenzie highlights the growing importance of co-location projects in Europe's energy transition. These projects integrate storage solutions with renewable sources like solar and wind to mitigate their variability due to weather dependency. Currently, storage accounts for about 3% of Europe's installed capacity but is expected to quadruple over a decade as it becomes crucial for grid flexibility. Despite progress in setting targets through National Energy and Climate Plans (NECPs), only 14 European countries have clear goals for storage development compared to more established pathways for solar and onshore wind growth. Co-located projects represent a small fraction—10%—of total renewable-linked storage capacity; another 8% pairs with fossil fuels using existing infrastructure without significant new investments. The UK leads this sector due to mature market practices, while Spain faces regulatory challenges despite ambitious targets. The renewables market sees rapid expansion, yet the development of corresponding storage solutions lags behind except where driven by specific needs such as grid stability or hydro resources providing natural flexibility. Market conditions significantly influence co-location prospects across Europe, with Germany's robust auction processes and Greece’s expedited connection initiatives contributing notably towards future trends. Currently, most tracked pipeline projects are still at announcement stages; however, interest grows rapidly among top developers primarily funded by Independent Power Producers (IPPs). Projections indicate that co-located share will triple reaching 43 GW or 154 GWh by 2034 driven by falling capture prices alongside policy support reshaping project economics effectively addressing challenges like grid congestion competition volatile power prices strategically within industry dynamics globally today!

Automated summarization by AI Conver

Cecilie Kristiansen
Research Associate
Wood Mackenzie
United Kingdom

Grid congestion, curtailment and increasing occurrence of negative electricity prices have spread across Europe as the growth of intermittent renewables has reached significant levels and continues to grow.A key to solving these challenges lies in flexibility. Hybrid PV power plants -which combine solar with wind and storage - are emerging as a critical solution for both existing and new projects. This session will explore the market potential, framework conditions, and outlook for hybrid solar-based energy systems in Europe. This session will provide: Key drivers for hybrid solar plant development in Europe Challenges and opportunities for project implementation Policy frameworks supporting solar-based hybrid power plants in the EU Market outlook for hybrid PV power plants.

Further Talks of this session:

Speaker

Bruce Douglas
CEO
Global Renewables Alliance
Belgium

To Talk

Speaker

Carlos Perez Linkenheil
Head of Market Analysis Germany
AFRY Management Consulting
Germany

Video is not available.

Speaker

Ulrike Gunnemann
Head of Storage & Hybrids
BayWa r.e. AG
Germany

To Talk

Speaker

Rebecca McManus
Research Associate
Aurora Energy Research
Germany

To Talk

Speaker

Rebecca McManus
Research Associate
Aurora Energy Research
Germany

Cecilie Kristiansen
Research Associate
Wood Mackenzie
United Kingdom

Ulrike Gunnemann
Head of Storage & Hybrids
BayWa r.e. AG
Germany

Bruce Douglas
CEO
Global Renewables Alliance
Belgium

To Talk

Further Content
Publication
The German PV and Battery Storage Market

The first of its kind, this study offers an overview of the photovoltaics and battery storage market in Germany.

Rutger Schlatmann and Angelika Harter
Perovskites: The Race for the Future of PV?

The smarter E Podcast Episode 258 | Language: English

June 25, 2026

HZB researchers explore perovskite tandem solar cells, efficiency gains, and the challenges of bringing the technology to market.

Publications
Global Market Outlook for Solar Power 2025–2029

SolarPower Europe’s annual Global Market Outlook for Solar Power is the most authoritative market analysis for the solar sector.

Intersolar Europe Conference 2023
Panel Discussion - Intersolar

Tuesday, June 13, 2023, 09:30 am - 11:00 am

The smarter E Europe Conference 2023 | Conference Program

free account

Get Inspired. Together to the Next Level!

The smarter E Europe Conferences 2026
Panel Discussion of the Session: Solar Made in the EU

Tuesday, June 23, 2026, 02:30 pm

The smarter E Europe Conferences 2026 | Conference Program

premium account

Despite strong research capabilities and the presence of leading production equipment suppliers, Europe has been struggling to rebuild competitive wafer-to-module manufacturing, while the USA and India have enabled a local renaissance in solar manufacturing. In Europe, even long-established inverter manufacturers have been losing considerable ground. With the EU's Net Zero Industry Act yet to deliver momentum, attention is turning to the upcoming Industry Accelerator Act. This session examines how policy, investment and value-chain strategies can strengthen domestic manufacturing and increase internal value creation.Key topics:Overview of EU and national policy frameworks to support local manufacturingStatus of Europe's solar manufacturing value chainInvestment gaps and competitiveness challenges Strategies for triggering a sustainable solar manufacturing revival 

You are using an outdated browser

The website cannot be viewed in this browser. Please open the website in an up-to-date browser such as Edge, Chrome, Firefox, or Safari.