The massive expansion of wind power and solar PV is the primary strategy to reduce greenhouse gas emissions in many countries. Due to their variable generation profiles, power sector flexibility needs to increase. Geographical balancing enabled by electricity grids and temporal flexibility...

Representing green industries capable of resolving environmental problems, economic growth and job creation, renewable energy industries grew considerably, especially in Europe from the beginning of the New Millennium. Faced with a dwindling global market caused by the 2008 global financial...