Traditional approaches to investment appraisal of renewables and storage merely consider the net profit distributions which are captured from the traditional wholesale market.
Projects are treated as economic entities in relative isolation from the rest of the system. A socioeconomic assessment considers the system-wide impact of installation and in the case of storage, this is key. Storage affects the overall operation of the grid and market particularly the integration of renewables.
Corre Energy’s impact on a range of factors is measured and assessed. For example, environmental and social impact considers the combined implications of the project for the environment and society. Renewables, integration, emissions, and the security of supply amongst other factors, provide for a systems’ wide assessment and a more accurate and representative assessment for the true value of a project.
In an era where the measurement of such factors is key to allocating capital for climate mitigation, it is no longer reasonable for these impacts to be ignored.