en.Wedoany.com Reported - Brookfield Asset Management, one of the world's largest alternative investment managers, stated that hybrid contracts combining renewable energy generation with battery storage are replacing standalone solar and wind power agreements.

Arnaud Jubin, Global Head of Energy Storage Strategy at Brookfield, noted that as renewable energy is deployed on a large scale in many markets, the value of solar power at midday has significantly declined, and large electricity consumers are no longer willing to sign standalone solar power purchase agreements. The core demand lies in the ability to shift low-cost electricity to high-price periods or high-demand locations, and expanding battery deployment is key to achieving this goal.

The hybrid model promoted by Brookfield relies on large-capacity energy storage systems (ESS) produced by South Korean battery companies, as wind and solar power cannot provide uninterrupted electricity like fossil fuels without storage. This global alternative investment firm, which manages over $1 trillion in assets, has a renewable energy project pipeline exceeding 200 gigawatts (GW) across solar, wind, hydropower, and storage.

This trend indicates that the global renewable energy investment paradigm is shifting from a focus on "pure generation" to "integrated generation and storage." Brookfield has already signed three hybrid power purchase agreements (PPAs) combining renewable energy with battery storage, and Jubin believes this contract structure will become the primary approach for future project development contracts.

Neoen, a renewable energy generation company under Brookfield, signed a contract in Australia last September with BHP, the world's largest mining company, to provide baseload power by combining the output of a wind farm in South Australia with new battery technology. Another affiliated developer, X-Elio, signed a contract with Amazon in April for a solar-plus-storage complex project. In the same month, an Indian company backed by Brookfield also raised funds for 24-hour renewable energy supply.