Solar has firmly established itself as one of the lowest-cost sources of electricity. The continuous decline in PV costs has triggered a global deployment boom, spreading solar PV into virtually every corner of the energy mix. However, while the segment may witness a temporary slowdown in installations in some markets this year, the long-term outlook remains intact. Also, solar is now actively grappling with the realities of its own massive success.
As solar penetration continues its success story, solar power plant developers are increasingly facing limited grid availability, higher curtailment rates and declining margins. The sector however, is adapting rapidly, developing utility-scale flexibility offers around integration of Battery Energy Storage Systems (BESS). Storage is enabling developers to shift low-cost solar generation to periods of higher demand, improving both grid stability and project economics. Renewable power plant developers are also looking into hybrid solutions, combining PV with other renewables as they strive to deliver clean energy round the clock.
In parallel, the technology behind utility-scale solar plants is evolving just as quickly. With low module price levels, developers now have the motivation to support innovations across the balance of system (BOS). From high-power modules and advanced tracker systems to intelligent storage solutions and optimized plant design, improvements across the entire ecosystem are helping increase energy yield while reducing the overall cost of delivered electricity.
The TaiyangNews Virtual Conference on Solar & Storage Power Plant Developments brings together leading stakeholders from across the utility-scale PV ecosystem. Targeting EPCs, developers and procurement managers, the conference will feature presentations from module manufacturers, battery energy storage providers, tracker suppliers and other technology partners to discuss the latest developments in solar power plant design and operation.
