Solnet, a Finnish company, claims to have developed a way to increase the return on investment in solar electricity by around ten percent. The drop in prices of solar panels has made it feasible to install solar power plants on fields and roofs in Finland. Solnet offers a service where the solar power plants and batteries of multiple customers are combined and offered to the electricity reserve market, resulting in a minimum return on investment of about 12 percent.
The installation of solar panels has become more affordable, prompting the construction of solar power plants on various sites in Finland. The company Solnet has recently installed solar panels on the roof of Sanomatalo in Helsinki, further demonstrating the cost-effectiveness of solar power. Despite the challenges posed by the location, the installation has proven to be profitable, with returns ranging from 12 to 15 percent in many cases.
Solar power is gaining popularity in Finland, with the grid company Fingrid receiving numerous inquiries for solar electricity connections. To address the fluctuations in solar power production, Solnet has developed a service called Solnet Manager, which allows companies to participate in the reserve market for electricity by combining their solar energy production. This service not only improves the return on investment in solar power but also helps balance electricity production and consumption.
As the demand for solar energy increases, Solnet aims to expand its operations to new markets and provide innovative solutions for harnessing solar power. With a successful track record and positive results, Solnet is poised for growth and continued success in the field of solar energy production and management.