Onshore renewables, such as solar and onshore wind, play a pivotal role in the energy transition. They address and contribute to solving the energy trilemma, balancing energy security, affordability and decarbonisation.
Solar and onshore wind are the lowest-cost generation technologies which can be rapidly deployed. They currently dominate renewable installed capacity and are poised for further strong growth. According to Bloomberg New Energy Finance (BNEF), by 2050 solar and onshore wind are expected to represent respectively 28% and 27% of the total global power generation capacity.
As the share of renewables in the energy mix increases, battery energy storage systems (BESS) will be crucial, helping to mitigate the intermittent nature of renewable power. These systems store excess power generated, releasing it when the electricity grid needs it most. This improves supply security and protects the electricity system from price extremes. BESS also provides services that enhance grid resilience, allowing for more renewable energy sources to be integrated.
