Across Europe’s leading renewable markets, negative pricing, curtailment, and falling capture rates are repricing risk, reducing revenue visibility, and challenging traditional financing assumptions. Hybrid projects combining wind, solar, and storage have become the primary commercial response, improving revenue quality and route-to-market flexibility. This session examines where hybridisation creates genuine incremental value, how projects are being structured and contracted to deliver predictable cash flows, and what must evolve in project design, offtake, and capital frameworks to establish hybrid renewables as a repeatable investment class. 

• Risk Repricing: How should long term price expectations and risk premiums be reset as negative pricing and capture rate declines become structural? How are lenders and investors adjusting valuation, debt sizing, and return thresholds? 

• Value Creation: Where does hybridisation create genuine incremental value, and who ultimately captures that value across developers, offtakers, and route to market providers? What evidence is required to demonstrate improved risk adjusted returns and support stronger financing terms? 

• Contracting and Route to Market: How are utilities, optimisers, and corporate buyers structuring hybrid PPAs and offtake agreements, and where are buyers willing to pay a premium for shaped hybrid power to support bankable revenues? Where do regulatory constraints, grid rules, and negative price exposure still prevent hybrid revenues from being fully monetised? 

• Scaling Hybrid Investment: What must be standardised in project design, contracting, and financing to make hybrid renewables repeatable investment products rather than bespoke transactions? What will give lenders and investment committees confidence to allocate capital systematically to hybrid portfolios?