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February, 2023 Free Report [AGRIVOLTAICS] |
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by Prince Foley | 24-02-2023 15:56
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Agrivoltaics is the concept of combining land development for agricultural and solar photovoltaics. The electricity produced can be used to run the farm with electric tractors and equipment, and to power precision ag technology that helps further reduce water usage.
It essentially enables two major sectors to coexist. Agrivoltaics leverages agricultural and renewable energy synergies to produce an economical, effective, and innovative approach to land constraints. Furthermore, agrivoltaics encourage sustainable rural development and biodiversity protection.
Many experts believe agrivoltaics can minimize barriers to food security and the transition to clean energy. While the agrivoltaics market is still in its growth stage, it is expected to grow as the solar sector continues to boom owing to surged demand for clean energy. Agrivoltaics technology has seen a lot of progress and global dissemination in recent years, with the global installed output of agrivoltaics rising from 5 MW in 2012 to around 2.9 gigawatts (GW) in 2020. To promote a healthy growth environment for agrivoltaics, subsidies from governing authorities will be required. Moreover, joint ventures, lease agreements, reduced loan rates, and reduced risk exposures. In addition, since there is a significant reduction in crop yield, strict regulations regarding solar installations need to be enforced for minimizing land exploitation. Given climate change and increasing droughts and extreme weather events, agrivoltaics offers several advantages such as zero-emission solar power coupled with food production and the protection of crops from drought and damage caused by extreme weather such as hail or heavy rain. The world’s largest agrivoltaics installation has been built on the edge of the Gobi Desert in China, where berries are being cultivated underneath solar modules with an output of 700 MW. The most important drivers for agrivoltaics are land scarcity and increasing drought in many regions as well as technological optimizations and further developments. The prerequisite is to interfere with agricultural use as little as possible and to cooperate closely with farmers for a broader application of agrivoltaics. The agrivoltaics market was valued at $3.6 billion in 2021 and is estimated to reach $9.3 billion by 2031, growing at a CAGR of 10.1% from 2022 to 2031. This type of systems-thinking approach is the only way to solve the intertwined issues of long-term sustainable farming, energy production, and water conservation References https://agsci.oregonstate.edu/newsroom/sustainable-farm-agrivoltaic#:~:text=Agrivoltaics%20is%20a%20symbiotic%20relationship,helps%20further%20reduce%20water%20usage. https://www.linkedin.com/feed/update/urn:li:activity:7034520769900527616?utm_source=share&utm_medium=member_android |
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Youth
Prince Foley
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4 Comments
Hello, this is your mentor Minkyung.
Thank you for introducing the concept of agrivoltaics. It is always interesting to learn about new technology! I am sure your report would be very helpful to other ambassadors interested in the technology.
Great job writing your February free report :)
I hope you enjoyed the journey with Tunza for the last six months.
Posted 01-03-2023 22:38
Woww
Thanks for sharing this Prince Foley
Posted 28-02-2023 03:16
Hi, Prince Foley!
This is your mentor, Yoon.
Thank you for introducing agrivolatics. You did well in explaining the concept of agrovolatics and ways to promote agrovolatics for the environment.
Great job on writing the free report.
I am looking forward to reading your following report!
Posted 27-02-2023 14:59
Interesting Viewpoint
Posted 25-02-2023 23:34