RES investors are turning to energy storage solutions in growing numbers, fearing revenue shortfalls as a result of operator-enforced grid injection cuts during periods of lower energy demand.

In June alone, RES investors submitted a total of 24 producer certification applications, representing 1.6 GW, for RES projects combining energy storage units, energypress sources informed. These portfolios include both solar and wind energy parks.

Investors behind RES projects with maturing licensing procedures are also expressing great interest in renewable energy facilities incorporating energy storage systems.

Also, interest in energy storage unit additions to RES projects already holding producer certificates has been on the rise since February, when a total of 24 applications, representing 644 MW, for license revisions enabling generation-storage combinations were submitted by investors.

RAAEY, the Regulatory Authority for Waste, Energy and Water, plans to soon assess all these applications.

Projects to be given the green light by the authority will join an already substantial portfolio of RES facilities equipped with energy storage systems.