In recent years, solar energy has experienced significant growth in the European market. However, despite its undeniable role as a sustainable and renewable energy source, as its adoption accelerates, various challenges must be addressed to ensure its long-term viability. In this context, we explore four challenges that solar energy will face in 2024:
Energy Storage: Solar energy generation depends on weather conditions and the availability of sunlight, which doesn’t always align with demand. Therefore, the ability to store energy generated during periods of low solar radiation is essential to ensure a constant and reliable supply. Using lithium batteries, installations can store surplus energy generated during the day, utilizing it during times of low solar radiation or as backup during demand peaks. This approach optimizes energy consumption and reduces reliance on conventional energy sources, which tend to be more expensive.
Costs: Although solar energy has become more affordable in recent years, continued investment in research and development is needed to manage more cost-effective solar technologies. This includes not only reducing the cost of solar panels themselves but also in installation, maintenance, and integration into electrical grids. Despite this, solar energy is already much more affordable than many people believe: in fact, energy self-consumption through photovoltaic panels enables savings on the electricity bill.
Regulation: Establishing stable and favorable regulatory frameworks is essential to drive investment in solar energy. Tax incentives, supportive policies, and innovative financing schemes can play a key role in promoting the adoption of solar energy on a large scale. In this regard, companies, governments, and public institutions are already working to achieve the goals set in the Paris Agreement, aiming for climate neutrality by 2050.
Integration into the Electrical Grid: As the amount of solar energy increases, there’s a need to improve the flexibility and capacity of grids to manage the inherent intermittency of solar generation. This involves adopting smart technologies, such as advanced demand management and grid-connected storage systems.
Aware of the fundamental role of solar energy in the path towards a sustainable future, at Greenvolt Next, we work day by day to overcome these challenges. That’s why we allocate our resources to become leaders in the energy transition by generating photovoltaic solar energy for large consumers. Contact us today and be part of the energy transition.
