Is Macau a good place to invest in solar energy?

Song and colleagues have no doubts: “Macau has some of the richest solar resources in the world” (with average annual sunlight time exceeding 1000 h, providing about 5000 MJ/m 2 ). “Clearly, Macau has a tremendous potential for developing solar energy, especially a grid-connected photovoltaic system.

Can Macao increase solar energy?

The Macao government also sees an opportunity to increase solar energy. To encourage the installation of PV systems, officials passed a set of safety and installation regulations in 2015.

Does Macao have a photovoltaic energy contract?

The regulations require investors to enter into a 20-year contract for the purchase of photovoltaic energy with Macao’s sole energy service provider, Companhia de Electricidade de Macau (CEM). Essentially CEM will purchase the electricity produced to ensure investors profit within a reasonable period.

Which solar battery backup system is best?

The answer to this question largely depends on the individual needs of the user. Grid-connected solar battery backup systems are generally more cost-effective and efficient, allowing the user to draw from the on-grid system when the solar system is not producing enough energy in the modules.

Does offshore wind energy make sense in Macau?

“In our view, as external observers, offshore wind energy in Macau’s territorial waters makes sense, as does the development of distributed generation of photovoltaic energy. Macau has a lot of sun and many roofs. There is a potential to develop this vector in the medium-to-long term.”

What is a solar battery backup system?

In addition, it lessens reliance on the traditional grid by allowing homeowners to use their solar panels as backup power in the event of a power outage. Integrating a Solar Battery Backup System with a new or preexisting solar panel system gives homeowners a stable power supply whenever needed.