Innovation Solution in Photovoltaic Sector

Abstract

The modern world is moving towards a zero-emission economy; therefore, various actions are being taken to reduce the share of fossil fuels in energy production. The article examines the potential for the continued expansion of photovoltaic farms, with a special emphasis on farms utilising east–west panel orientation. The east–west orientation is an innovative solution with many advantages over the traditional north–south arrangement. The paper also makes a detailed assessment of the photovoltaic farm environment by applying two analyses based on the following factors: Political, Economic, Social, and Technological (PEST) and Demographic, Economic, Environmental, Political, Legal, Informational, Social, and Technological (DEEPLIST) factors. This is followed by an insightful, comprehensive review of the most important factors that contribute to the efficiency of photovoltaic installations, namely site conditions, existing infrastructure, and ability to connect to the electricity grid. The paper also devotes space to an analysis of daily energy price changes that affect the economic efficiency of the installation and discusses the potential for energy storage in the context of photovoltaic farms. The development of photovoltaics also requires investing in energy storage. All discussed issues fall within the scope of photovoltaic farm development and optimal use of energy resources.