Solar power cost: The term solar energy refers to the harnessing of power from the Sun. The marginal market only explains the increase in solar plant sale prices. Greater demand and less generation by economic sources mean that more and more expensive plants are entering the office. The unfortunate thing about this has to do with two issues: generally, the plants in your matrix that are more expensive are also more polluting and, in addition, increase the price of energy. It is important to note that solar energy has two missions: lower electricity prices without producing CO2 emissions because it is a clean energy source. During these months of higher generation, you will see increasingly high participation of solar plants, and therefore a more clean and economic era.
Why Increased Solar Power Cost?
- At the investment level, the signal is evident. You need more renewable plants to guarantee significant participation throughout the day, and you need to make more effective investments at the level of storage systems and demand management.
- Your dependence on fossil fuels continues to expose us to these significant fluctuations and further jeopardizes your goals under the Agreement.
- The impact of high prices on the future is also clear as fluctuations demonstrate the lack of resilience of your system in the face of events such as constant drought and rising costs of fossil fuels.
- It evidences the need and feasibility of incorporating renewable projects and flexibility and intelligence systems.
- The bills in this regard are still under development but do not seem to see the light in a short time. In the same aspect, it is worth highlighting the significant problems at the level of the solar panel supply chain, given the complications at the manufacturing and logistics level of said panels.
- You face a price hike that endangers many solar projects, especially the distributed generation level. If you do not want to lose these projects, you need to collect the current complexity for these projects at the level of flexibility during the declaration under construction specifically.
- These are some reasons for the solar power cost increase.
The thermal variety
It is the second modality of technological use of the energy that the Sun gives away. Unlike photovoltaics, solar rays are transformed into heat, not electricity. Hence, it is used mainly in heating, such as the radiant floor system, and sanitary hot water in homes and offices, among other buildings. Thermal solar panels in buildings work with a fluid, a mixture of water and antifreeze, heated by radiation from the Sun. The accumulated heat is transferred through an exchanger to a secondary circuit, where the water in the general tank of the system is heated. Solar thermal energy installations are imposed in new construction in more and more countries to improve the sustainability levels of the real estate sector.