SOLAR
As our name suggests, our main focus is the provision of Solar Energy. Simply put, Solar Energy is harnessing power from the sun to generate either electricity or thermal energy. It is one of the most abundant forms of energy on our planet. The two most common forms of electricity-generating processes are photovoltaic systems (“PV”) and concentrated solar.
Clean Sustainable Energy Production
Photovoltaic Systems or PV Systems consist of solar panels to absorb and convert sunlight into electricity. They range from small 3-5 kW residential systems to industrial infrastructure systems with over 1,000 MW capacity. Currently, China is leading the world with an installed capacity of over 300 GW with almost half of all new worldwide renewable/sustainable energy projects (by capacity), and it’s the BRICS economies in particular that seem to be leading the world in clean sustainable energy production. In 2021 Solar PV power generation increased by a record 179 TWh, and in 2022 Solar was the fastest-growing source of electricity for the 18th consecutive year.
Essential Efficient Energy Storage Units
RA-ESG believes that Solar PV Systems will account for over half of all global sustainable/renewable energy projects over the next decade, and this leads to one conclusion – efficient Energy Storage units (Batteries) will become incredibly important over the next 5 to 10 years. Whether considering small residential or large industrial projects; Solar power plants by their nature only generate during the day, but a significant proportion of power is consumed when there is no sunlight.
Need For Battery Capacity
There is considerable growth in the residential consumer markets in PV systems, especially due to the aggressive fall in capital cost. From an original USD $4.00 per watt, it is now fast approaching USD $1.00 per watt. Once again, although over 95% of residential and commercial PV applications are connected to the national grid, the vast majority do not feature battery capacity; this has been mainly due to cost and government-enforced grid-tied systems in some countries. This is currently changing at an aggressive rate and will be a focus of RA-ESG investment strategy.
Simply put, Solar Energy is harnessing power from the sun to generate either electricity or thermal energy. It is one of the most abundant forms of energy on our planet.
