The new energy industry is working to categorize the various types of microgrids and business models. The primary goal is to minimize microgrid system costs such as project development, system design, commissioning, service, support, and funding. Microgrid categories will help promote standardized designs – which will enable repeatable, modular, and scalable systems.
In the last five years, the cost of solar has fallen 48 percent. Annual global solar installations now total 100 gigawatts. These two facts are closely intertwined.
It’s both an exciting and tricky time to be a developer, owner or investor of renewable energy projects. The market is increasingly attractive to more players, but factors such as tariffs and the new tax law have also muddied the waters.