Despite the recent shift in energy policy announced recently by President Trump, U.S. utility executives remain bullish on utility-scale solar with more than two-thirds forecasting moderate or significant growth in installations. Despite this positive environment, developers, asset owners and EPCs are facing more pressure than ever to drive down costs as a result of steep declines in PPA prices.
Accurate energy production estimates for solar designs are especially important for commercial installations, where differences of even a few percent can translate to tens of thousands of dollars in net present value and cash flows.
Utility-scale Solar power plants have an expected life span of 25-30 years or even more. So, it is essential to employ high yield and highly reliable PV equipment to achieve higher returns for long term.
GTM Research has forecast annual U.S. market value for DERs to reach more than $20 billion by 2020. Will you be ready to capitalize in this rapidly changing environment?
More solar systems were installed worldwide in 2016 than any year to date, and the vast majority of these systems were ground-mount, utility-scale—a trend that is expected to continue for several years.
In recent years photovoltaic system design approaches have evolved. This system design philosophy has shifted as designers moved their design target to the array oversizing as panel prices have fallen. Rather than focusing on production efficiency and maximizing the output of each individual module, these designers have begun designing for maximum financial efficiency at the system level.
Traditional models of operating and maintaining electrical generating assets converting fuels such as natural gas, coal or nuclear don’t necessarily work to meet the current and expected financial demands of utility scale solar.
A typical US residential solar project is known to take 100+ man-hours of total effort: sales, marketing, financing, design, procurement, installation and operations tasks all performed by stakeholders across different companies working together.
Until recently, the price differential between three phase string inverters and central inverters was so large that the decision to use central inverters in utility scale solar systems was straightforward.