In a changing world Solar PV, Wind Energy and BESS (Battery Energy Storage Systems) have become a complete assurance of the best investments in Energy production, in the coming years ahead. This changing took a lot of years to implement and has 3 major steps:
- European countries push with CfDs and PPAs guarantees, to create an alternative to Coal base and Fossil production technologies
- Massification of Solar PV and BESS production in China changing this industry to almost a commodity
- EPC costs of Solar PV and Wind Farms have come down due to several factors like PV Panels massification and wind turbine rotor size constantly increase and components optimization.
Most of the next future and actual implementation of Solar and Wind projects are based in public tenders (with lower than currently market prices) or merchant tariffs (without any state subsidies) and consequentially no added costs for consumers and tax payers. Because of financing, the RE developer/IPP normally closes CfD (typically 20-25 years) with the TSO or DSO of the tender issuer state (public tenders), or with a local company that needs energy in a private PPA of normally 15 years.