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Brookfield Sees Energy Deals Targeting Batteries Displacing Standalone Solar, Wind

Bloomberg · last updated

Brookfield Asset Management Ltd. says contracts that pair clean energy generation with battery storage options are starting to replace pure renewables deals.

“There’s a lot of renewables being built in many markets, and the attractiveness of these renewable megawatt hours in the middle of the day is declining to a point where many large off-takers no longer want standalone solar,” said Arnaud Jouvin, who leads Brookfield’s global energy storage strategy.