Brookfield Sees Energy Deals Targeting Batteries Displacing Standalone Solar, Wind
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.