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BMW Group plants stepping up activities in balancing-power market to contribute to grid stability

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Electricity generation from variable renewable electricity sources (VRE) such as wind and solar power has grown rapidly and is expected to continue to do so. However, the distributed, non-synchronous, and weather-dependent nature of the resources causes specific challenges when integrating them into power systems.

Grid 191
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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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The increase reflected several influences, according to the report, including a boom in solar installations in China and Japan—totalling $74.9 billion of final investment decisions on offshore wind projects in Europe. Wind, solar, biomass and waste-to-power, geothermal, small hydro and marine power contributed an estimated 9.1%

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