A Galileo note puts solar-plus-battery PPA premiums at about €10 to €15 a megawatt-hour - the page prints US$11.12 to US$16.69 and an 18 to 25% line, names no site, and leaves the underlying price blank
On 11 November 2026 pv magazine published a note by Paolo Grossi, chief commercial officer of Galileo. It says solar-plus-battery power purchase agreements command premiums of about €10 to €15 a megawatt-hour, printed beside US$11.12 to US$16.69, and calls that roughly 18 to 25% depending on the underlying price. The page does not print that price. It says Europe contracted more than 700 MW of hybrid deals in 2025 and around 1.1 GW in the first half of 2026, and that those figures cover more than solar and batteries. No site and no signed contract are named.
A buyer comparing a solar contract with a solar-plus-battery contract can read one author's range this week. The range is not a signed price, and the page names no workplace.
On 11 November 2026 pv magazine published a note by Paolo Grossi, chief commercial officer of Galileo. He writes that solar-plus-battery power purchase agreements command premiums of about €10 to €15 a megawatt-hour in some markets and structures. The page prints that euro range beside US$11.12 to US$16.69. It calls the premium roughly 18 to 25%, depending on the underlying contract price. The page does not print that underlying price. This note does not invent one.
Volumes, as the note prints them. Europe contracted more than 700 MW of hybrid agreements in 2025, with much of that in the second half. In the first half of 2026, around 1.1 GW of hybrid deals were announced, across solar-plus-storage and other combinations. 1.1 GW is 1,100 MW, our arithmetic. The note says these figures cover more than solar and batteries. They are announced deals. The page does not list the contracts, the buyers or the sites.
The note says a battery can move solar out of low-price hours, including hours when the price is negative. On Germany, it says specialist market analysis suggests storage can lift a solar project's capture factor from around 50% to over 80% of the average wholesale price, depending on battery size, market conditions and operating limits. The page does not name the specialist. A different note on this desk is a 3 November model of Spanish and German capture factors: a Spanish capture factor of 0.82. That page is not this page. This note does not paste those factors onto the 18 to 25% line.
What the premium pays for, as the note puts it. The seller, or a firm running the battery, can take on shaping the profile, and also degradation, efficiency, day-to-day running and replacement. The note says there is no established rulebook for the price, that each project can differ, and that the contracts are more complex than a pay-as-produced solar agreement. It says a battery uses import and export capacity at the connection, and that a shared connection can speed a project and also limit how independently the battery runs. It expects utilities and traders to bundle solar, wind and storage. That is the author's expectation. It is not a count of contracts signed this week.
A marketplace index is a different page. LevelTen's third-quarter European offers, including a German solar-plus-battery figure, are recorded here: €65.50 a megawatt-hour at the 25th percentile. An offer on that index is not this premium. Neither page is a factory's signed contract.
Analogy: a menu that prints a surcharge and leaves the dish price off. €10 to €15 is the surcharge the author says he sees. The contract under it is not priced on the page.
Good: A dated byline, a euro range, the dollars printed beside it, an 18 to 25% line with the underlying price left blank, and a plain statement that the volume figures cover more than solar and batteries.
Bad: No site, no buyer and no signed price. The underlying contract price for the percentage is blank. 1,100 MW is our arithmetic from around 1.1 GW. The Germany capture line names no analyst. The 2025 and 2026 volumes are announced hybrid deals, not a list of workplaces. A shared grid connection is described as a limit, with no megawatt cap printed.
Ugly: Treating €10 to €15 as a quote a workplace can sign. Treating 18 to 25% as a price the page printed. Treating 1.1 GW as solar-plus-battery only, after the page says the figures cover more than that. Pasting the 3 November capture factors, or the LevelTen offer index, onto this premium.
Soft next step: write €10 to €15 as the author's premium range, keep the dollars beside it, and leave the site and the underlying contract price blank.
Source: pv magazine, Paolo Grossi, 11 Nov 2026, hybrid power purchase agreements. Primary for premiums of about €10 to €15 a megawatt-hour, printed beside US$11.12 to US$16.69, the 18 to 25% line with no underlying price, more than 700 MW of hybrid agreements in 2025, around 1.1 GW announced in the first half of 2026, the statement that those figures cover more than solar and batteries, the unnamed specialist line of around 50% to over 80% in Germany, the description of shaping, degradation, efficiency, operations and replacement, the absence of a pricing rulebook, and the point that a shared connection can limit the battery. The page names no site and no signed contract. 1.1 GW read as 1,100 MW is our arithmetic. The 9 November note on a Spanish capture factor and the 22 October LevelTen offer index are different pages.