Here comes the sun: solar power finance for the 21st century

Here comes the sun: solar power finance for the 21st century

Solar power, along with onshore and offshore wind, is one of the most mature and promising renewable energy sources available. And because solar photovoltaic (PV) panels work well in small off-grid applications as well as medium-sized and larger projects, it is also particularly well-suited to the decarbonisation efforts of developing countries, many of which have access to ample reliable solar resources.

But as with any green energy source, access to finance for new projects is essential to push solar adoption to new heights, as recognised in a recent report published in January by trade association SolarPower Europe.

“There will always be some households and businesses with enough spare cash to be able to self-fund solar PV projects,” the report noted. “But finance is what will allow solar to be accessible to a maximum number of power consumers and application segments if sufficiently attractive business models and projects can be put forward. Read More…

Credit By : Power-technology.com

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