With the growing energy needs of mankind, it is predicted that solar power would be the largest energy source in the coming years. Regardless of its low percentage, solar power has reached an overall share of 1.3% of global power generation which shows a rapid increment compared to the previous years. Currently, it stands at a growth rate of around 33% per annum.
Given its climatic conditions and vast resources, Australia is one of the countries that possess the high potential to reap maximum benefits by switching to solar power. It ranks amongst the world’s top ten solar countries. And has plans to expand beyond its current capacities.
Solar Power for Businesses
Solar energy is a boundless source of fuel. It is pollution-and often noise-free. Be it a satellite orbiting the earth or a calculator used for simple math, it’s a versatile system that caters to a variety of needs. Businesses are now able to use solar power to cut down on their overheads, be ethical and environmentally friendly and ultimately reap benefits on their return on investments. In addition, businesses are able to create more jobs and earn the goodwill of their customers by contributing to sustainable energy.
Despite being considered a costly affair for businesses, solar power is still a growing need and requires low maintenance and contributes to low consumption rates in the long run. In order to arrive at a mutually benefiting agreement where businesses meet their energy demands and will not have to bear a huge burden of paying high prices to acquire their own power systems, solar companies have come up with a new system. When it comes to a power purchasing agreement or a solar PPA Australia has moved forward in a dynamic way that provides alternatives for businesses to choose solar power with conditions that suit them and encourage the use of green energy amongst businesses as well.
Solar Power Technologies
There are mainly two types of technology that is used in solar power systems. And any of the methods can be suited inline with the demands of your business or on options provided by the service provider.
- The Photovoltaic(PV) system uses solar panels, often fixed on rooftops or in solar farms. This technology converting direct sunlight into electric power. Conventional PV systems produce direct current which fluctuates with the intensity of sunlight. Inverters are used to convert it to desired voltages or alternating current (AC). Power batteries and generators are needed as back up to operate in the absences of sunlight. However many PV systems are connected to the grid.
- Concentrated solar power (CSP) which is also known as concentrated solar thermal uses solar thermal energy, which makes steam. The steam is then converted into electricity with the help of a turbine. This is done on a much larger scale with the wider outreach. CSP systems use mirrors, lenses and tracking systems to concentrate sunlight. The heat that is produced is used to generate electricity through turbines. Various techniques are used to focus sunlight. All systems involve a heated working fluid that is used for generation of power or storage.
- A hybrid system is a combined system of the above two technologies but which is also used with other fossil fuel options. Hybrid systems help modulate power and reduce fluctuations.