Summary
This panel discussion explores revenue models for battery energy storage systems (BESS), focusing on offtake and optimization agreements in Spain. Experts discuss the pros and cons of various structures like full tolling, floor and upside sharing, and day-ahead swaps, also the golden triangle: route to market, brain, and bankability. The conversation highlights the importance of technical covenants and market standardization for BESS projects.
Key Topics
5 key topics from Tomás García, Rodrigo García, Susana Gómez Ramírez, Mónica Ruiz Maus and Jean-Paul Gillett at Solarplaza Summit Iberia: PV & Storage. Thicker branches were mentioned more often in the talk.
Key Takeaways
- Consider floor and profit share agreements for BESS projects.
- Focus on the golden triangle: route to market, optimization, and bankability.
- Establish partnerships for financial structures.
- Understand and respect technical limitations.
- Explore algo trading to maximize benefits.
Golden Triangle: Route to Market, Brain, Bankability
“What do you need to get your project, off the ground? What do you need to get the banks happy and comfortable that this is gonna work? And then let's try and set it at that level and give you some access to the merchant upside as well.”
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