Solar power will be an even more important energy source in the future. Statkraft has worked with solar energy since 2010, and today we have solar power plants in several markets.
Today, approximately 26% of the world’s power production comes from renewable energy sources (Source: Bloomberg New Energy Finance). In the future, our society is going to need even more energy, and this will mainly be covered by renewables. Power production is expected to increase with 45% to 75% by 2040. Wind and solar power alone will account for half of this production. Hydro, wind and solar power complement each other and are perfect partners. New battery technology can store electricity, making solar power even more profitable.
Statkraft view solar as part of the renewable energy generationg mix required for Ireland to reach high levels of renewable generation on its electrical system. Statkraft are developing a number of early stage solar developments in Ireland and is interested in partnering or acquiring other solar development assets in Ireland
Statkraft develops and owns solar power assets in India and the Netherlands, and is looking for opportunities to expand both in Europe and South America.
- What is solar?
The energy from the sun’s radiations is referred to as solar energy. This energy is received as heat and light and can be converted to various useable forms – the most common being electricity. Photovoltaic cells convert the energy from solar radiations into electricity.