In addition to the significant income from the generated electricity, one of the biggest upsides of solar power generation is its stability, bankability and predictability, thus providing a leverage for financing the investment. In grid connected systems, a power purchase agreement or a net metering arrangement may apply and, in addition to a warranted income the produced electricity may be used in the greenhouse to provide higher agriculture intensity and increased quality and yield.
In grid independent (nano- and micro-grid) systems the generated power is cheaper than alternatives by a significant factor.
The PV+ greenhouse will have a great impact for farmers who will gain significant benefits, for agri-investors and entrepreneurs that will be able to initiate bigger agriculture projects at much lower risks, and for impact investors, national and international agencies that will have an opportunity to promote food security, increased sustainable renewable energy generation and better livelihood for rural communities.
Global greenhouse area is estimated at more than 500 thousand hectares. Growth rate is estimated at 5 to 10 percent, with tens of thousands of hectares being constructed and renovated every year, ensuringa huge market opportunity for SunBoost.