Spain 's Vestas 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 Wind Systems has decided to branch out further into solar and storage, CEO Anders Runevad told Vestas Wind Systems . Co-locating solar and wind plants, while not new, is definitely an under-tapped market. Hybridisation makes sense as the power generation mix continues its tilt towards renewables, particularly in Europe , he said.
Spain 's Vestas 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 Wind Systems has decided to branch out further into solar and storage, CEO Anders Runevad told Vestas Wind Systems . Hybridisation makes sense as the power generation mix continues its tilt towards renewables, particularly in Europe , he said.