Global

Market Analysis

Daily solar radiation is the electromagnetic energy emitted from the sun. Half of this radiation is visible but the other half is infrared and ultraviolet, unseen by the human eye. It is this powerful natural resource that fluctuates in value around the world. When combined with yearly sunlight hours we can place a solar value on every region. Logic prevails when the world of solar is analyzed for economic and environmental benefits.

Germany currently generates 27% of its power from renewable resources, of which 6% is solar. Germany would not be the first country that comes to mind when considering harnessing the power of the sun, but it is the infrastructure they have established and the wise use of government and corporate funding that has revealed an unobvious opportunity. In countries south of Germany, the opportunity for solar growth increases exponentially as we see the yearly sunlight hours and daily solar radiations numbers increase.

Natural resources such as wind and solar power will always be the sustainable decision when it comes to environmental impact and availability. Grid parity occurs when an alternative energy source can generate electricity at a levelized cost that is less than or equal to the price of purchasing power from the grid. It is the point at which an alternative energy source becomes a contender for widespread development without subsidies or government support. Wind power’s unpredictability and reliance on long transmission distances makes it the economical underdog. Solar’s simple Panel to Grid (connects to Solar Basics) system allows for the scalability, low capital costs, and demand balanced supply that leads to grid parity and economic benefits.

Episolar’s large scale projects such as the Ghana 50MW installation take advantage of this simple supply and demand opportunity that provides large regions with clean, renewable, economical power. We at Episolar hate waste. The opportunities for other countries are in the numbers.

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