CORDIS
EU research results

CORDIS

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Best practices and implementation of innovative business models for Renewable Energy aggregatorS

Project information

Grant agreement ID: 691689

Status

Closed project

  • Start date

    1 March 2016

  • End date

    28 February 2019

Funded under:

H2020-EU.3.3.2.4.

H2020-EU.3.3.7.

H2020-EU.3.3.2.2.

H2020-EU.3.3.2.1.

  • Overall budget:

    € 1 994 812,50

  • EU contribution

    € 1 994 812,50

Coordinated by:

WIRTSCHAFT UND INFRASTRUKTUR GMBH & CO PLANUNGS KG

Germany

Objective

Europe´s electricity sector is in the midst of major transformation moving from public monopolies to competitive private companies in liberalized markets. The liberalization is expected to increase competition and thus increase cost-efficiency in energy production, transmission and distribution with the result of decreasing electricity prices. The efforts of Member State governments to create a more competitive and sustainable electricity sector are currently clouded by a major economic downturn in Europe´s economic activity. Such economic hardship often triggers reluctance to change which is becoming visible in particular in the electricity sector, where measures to protect jobs and national industry start to compete with market liberalization. The affordability of sustainable electricity is questioned.

There is a strong need for innovative business models for Renewable Energy Source (RES) electricity generation in the long and mid-term because support schemes will fade out in the long term pushing renewables on the market at no marginal costs which then in particular for strongly correlated generation as wind and PV leads to price deterioration during production hours. Already today many Member States have drastically reduced measures to further support the development of the RES sector, so that new investment is not possible without tapping new revenues with new business.

The aim of the BestRES project is to identify best practices business models for renewable electricity generation in Europe and to improve these further taking into account new opportunities and synergies coming along with changing market designs in line with the EU target model. Business models investigated in this project shall make use of the aggregation of various renewable sources, storage and flexible demand. The improved business models will be implemented during the project in real-life environments, depending on the market conditions, to proof the soundness of the developed concept.

Coordinator

WIRTSCHAFT UND INFRASTRUKTUR GMBH & CO PLANUNGS KG

Address

Sylvensteinstrasse 2
81369 Muenchen

Germany

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 222 500

Participants (11)

3E

Belgium

EU Contribution

€ 291 000

TECHNISCHE UNIVERSITAET WIEN

Austria

EU Contribution

€ 288 750

STIFTUNG UMWELTENERGIERECHT

Germany

EU Contribution

€ 190 632,50

GOOD ENERGY LIMITED

United Kingdom

EU Contribution

€ 142 035

NEXT KRAFTWERKE BELGIUM

Belgium

EU Contribution

€ 142 695

NEXT KRAFTWERKE GMBH

Germany

EU Contribution

€ 245 000

OEKOSTROM GMBH FUR VERTRIEB, PLANUNG UND ENERGIEDIENSTLEISTUNGEN

Austria

EU Contribution

€ 162 375

RE-PRO MANAGEMENT GMBH

Austria

CNET CENTRE FOR NEW ENERGY TECHNOLOGIES SA

Portugal

EU Contribution

€ 147 325

YOURIS.COM

Belgium

EU Contribution

€ 105 000

UNIVERSITY OF CYPRUS

Cyprus

EU Contribution

€ 57 500

Project information

Grant agreement ID: 691689

Status

Closed project

  • Start date

    1 March 2016

  • End date

    28 February 2019

Funded under:

H2020-EU.3.3.2.4.

H2020-EU.3.3.7.

H2020-EU.3.3.2.2.

H2020-EU.3.3.2.1.

  • Overall budget:

    € 1 994 812,50

  • EU contribution

    € 1 994 812,50

Coordinated by:

WIRTSCHAFT UND INFRASTRUKTUR GMBH & CO PLANUNGS KG

Germany

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