Solar power

Large scale solar is one of the most cost effective forms of renewable energy, and in many countries is competitive with fossil fuels, even without assistance from subsidies. Solar photovoltaic (PV) is an increasingly important part of the world’s energy mix; between 2017 and 2018 globally the solar market grew by 30% (IEA, 2019). Despite this growth, 65% of the world’s electricity is still produced from fossil fuels (World Bank, 2015) and electricity demand is set to grow by 57% by 2050 (Bloomberg NEF, 2018). In Europe, whilst Italy (along with Bulgaria, Czechia, Denmark, Estonia, Greece, Croatia, Latvia, Lithuania, Cyprus, Finland and Sweden) have met their 2020 renewable energy targets, the UK and Ireland have not. Solar PV must be further utilised in order to meet this demand and minimise further depletion of the planet’s resources.

Aura Power is currently developing solar farms in Canada, Italy, Portugal, Republic of Ireland, Spain and the UK. We have secured 1,300 MW of grid capacity and successfully taken 630 MW through planning. Through a joint venture with ib Vogt GmbH we have a rapidly developing pipeline which we are adding strong, cost effective projects in the most appropriate locations.

Find out more about our projects by clicking below.

Why solar?

Solar power is one of the most mature and cost-competitive forms of renewable energy generation. There is nearly 400GW of solar generation capacity installed worldwide, and this figure is growing rapidly.

How does it work?

Solar photovoltaic (PV) panels convert sunlight into electricity, providing a clean and stable source of power. Unlike wind farms, solar PV generates electricity in a relatively predictable manner, i.e. during the daytime when energy consumption is typically higher.

Benefits

Even quite large solar parks have a much lower visual impact than wind-farms, and often receive strong support from communities and local stakeholders.

“Over the next five years, solar PV

is expected to lead renewable

electricity capacity growth,

expanding by almost 580 GW”

-IEA, 2019