Denmark's Vestas Wind Systems announced plans to build hybrid renewable energy plants comprised of wind and solar/or battery storage. Given predicted tighter margins in the wind industry in the near future and amid ongoing industry consolidation, Vestas has decided to branch out further into solar and storage, CEO Anders Runevad told Bloomberg New Energy Finance. The Danish wind turbine producer to explore further development of hybrid renewable energy plants that combine wind, solar and battery storage at single location as wind growth rates ease in face of market consolidation. The company is planning a new plant at its Danish site that will be able to produce up to 100 megawatts (MW) of electricity from both wind turbines and solar panels.
Denmark's Vestas Wind Systems announced plans to build hybrid renewable energy plants comprised of wind and solar/or battery storage. Given predicted tighter margins in the wind industry in the near future and amid ongoing industry consolidation, Vestas has decided to branch out further into solar and storage, CEO Anders Runevad told Bloomberg New Energy Finance. The company is planning a new plant at its Danish site that will be able to produce up to 100 megawatts (MW) of electricity from both wind turbines and solar panels.