Prospects for pumped-hydro storage in Germany
AbstractAfter a period of hibernation, the development of pumped-hydro storage plants in Germany regains momentum. Motivated by an ever increasing share of intermittent renewable generation, a variety of energy players considers new projects, which could increase the available capacity by up to 60% until the end of the decade. This paper analyzes the current development and evaluates the revenue potential as well as possible barriers. Overall, the prospects for new pumped-hydro storage plants have improved, even though profitability remains a major challenge.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 45 (2012)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/enpol
Pumped-hydro energy storage; Power plant investment; Germany;
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- Katrin Schmitz & Bjarne Steffen & Christoph Weber, 2013. "Incentive or impediment? The impact of capacity mechanisms on storage plants," RSCAS Working Papers 2013/46, European University Institute.
- Wolf-Peter Schill, 2013. "Residual Load, Renewable Surplus Generation and Storage Requirements in Germany," Discussion Papers of DIW Berlin 1316, DIW Berlin, German Institute for Economic Research.
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