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Description
Solar park investors and developers are building solar parks around the world - in countries with different climatic conditions that affect solar power generation. There are also many manufacturers of solar modules, inverters and structures and their various combinations are used for the installation of solar parks. There are several problems due to the large variety of equipment, unstable generation and the necessary tools for the management of solar parks.
In order to fill the gap in the lack of solutions for solar parks, the company aims to offer a working new global product - software for solar park developers and investors, which: 1) provides an estimate of the return on investment of the planned solar park prior to its construction in the selected geographical area; 2) helps assess the condition of managed solar parks, regardless of the equipment used; 3) helps to maximize and maintain the current profitability of managed solar parks and provide a forecast for the future.
Partner’s and Applicant’s research and commercialization experience will complement each other to ensure implementation of the project activities. Partner will contribute to Project’s R&D activities: PV (photovoltaic power) generation estimation and predictions; fault cost estimation; PV park estimation.
Summary of project results
It is noted that investors and developers of solar parks in recent years are increasingly building solar parks around the world, in many countries. This is done with different climatic conditions, which have a great influence on the production of electricity from the sun. There are many manufacturers of solar modules, inverters and structures, and very diverse combinations are used for the installation of solar parks. Thus, one of the main reasons for developing a model for the financial management of solar parks was that due to the large variety of equipment, a number of problems arise.
In order to fill the gap in the lack of solutions for solar parks, the project offers a working new global product – software for solar park developers and investors, which:
– provides an estimate of the return on investment of the planned solar park prior to its construction in the selected geographical area.
– helps assess the condition of managed solar parks, regardless of the equipment used.
– helps to maximize and maintain the current profitability of managed solar parks and provide a forecast for the future.
A suitable tools to assess the return on investment of solar parks before they are built in certain parts of the world and which could be used by a large number of investors was created.
Summary of bilateral results
Norwegian partners Green Business Norway cooperates with global solar park investors and developers. Cooperation with them was carried out in the framework of experimental and commercialization activities, adapting the product for convenient use.