Renewables the Cheapest Solution – the Energy Transition Enters a New Stage

During the Windenergy Hamburg trade fair, it was emphasised that the year now ending confirms that renewable energy sources are currently the cheapest solution for society among the available energy generation technologies. At the same time, energy market commentators note that the global energy transition is entering a new phase – moving from the stage of building generation capacity to the stage of system integration.

What integration means

Over the past decade, the priority was the rapid growth of installed capacity in photovoltaics and wind power. Today, the question of how to efficiently connect these sources with the grid, energy storage and consumers is becoming increasingly important, so that the entire system operates smoothly and stably.

• Renewables regarded as the cheapest source of energy for society
• The emphasis is shifting from building new capacity to system integration
• Energy storage and smart grid management play an increasingly important role

Significance for the industry

This new stage of the energy transition means that, in addition to photovoltaic and wind farms themselves, solutions that support system flexibility are becoming crucial – energy storage, demand management and the expansion of grid infrastructure. This is a natural consequence of the dynamic growth in the share of renewables in the global energy mix.

The shift of attention from capacity building alone to system integration is a sign of the renewable energy market maturing – renewables are ceasing to be an add-on to the system and are becoming its foundation.

By combining the development of photovoltaic farms with energy storage on leased land, NRG+ is aligned with precisely this direction of the systemic integration of renewables.