Release by Scatec Solar delivers low-investment, containerised solar power through flexible leasing agreements.
As organisations across the globe make the transition to clean energy, more and more are turning to renewable energy solutions. Improved technology has made solar one of the cheapest sources of energy in many markets today. Nevertheless, the deployment of solar installations has been slow in many of the segments that would benefit the most. They may not have the capital for an upfront investment, or they may look for shorter term commitments for financial and operational flexibility.
For example, facilities such as UN refugee camps may not have visibility beyond the next few years. Mining operations, meanwhile, may require solutions that are scalable and have a reduced impact on their balance sheets.
Scatec Solar has developed Release, a containerised solar power solution, to overcome the financial and technical barriers of traditional installations. Release offers flexible contract duration and limited upfront investment. The solar panels and storage batteries are pre-assembled and delivered in a container to the customer’s site for rapid deployment.
The technology can be integrated with existing power infrastructure and hybrid battery solutions. Because the equipment is modular and movable, it reduces financial liabilities and mitigates counterparty risk.
Scatec Solar’s Release makes solar power plants more affordable in emerging markets and for medium and large power consumers such as mining and industrial companies, utilities and NGOs.
Release also helps to reduce energy costs and dependency on fossil fuels.
The global demand for power is expected to grow by 57 per cent from 2018 to 2050, representing investments of about USD 11.5 trillion in new power generation. Of this, more than 70 per cent or USD 250 billion per year is forecast to be invested in wind and solar.
The solar market is expected to grow by 20 per cent, from 107 GW in 2018 to 130 GW, by 2021. Highest growth is projected in new markets in Latin America, the Middle East and Southeast Asia.
Scatec Solar has an established global presence and extensive project portfolio, with over 1.9 GW in solar plants in operation and under construction on four continents. The company is targeting a capacity of 4.5 GW in operation and under construction by end of 2021. Scatec Solar is certified by DNV and WSP.