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Company formula: This is how solar cells make money

The electricity is cheaper, sustainable – and there’s money to be made.
Here, experts review how investing in solar cells can become a profitable business.
– It is currently very attractive, says Christian Forslund, Business Area Manager at SunDay (part of OKQ8).
External Link: Solar Power for Your Business – Here’s How It Works
Two years and eight months. That’s the payback time SunDay currently estimates for its Swedish customers for large solar parks combined with battery storage.
– The investment is between SEK 40-50 million, half of which is invested in the storage battery. The icing on the cake is that you can contribute to the frequency regulation of the grid, says Christian Forslund.

Frequency regulation means As a producer of electricity, for example through solar power (where the electricity is stored in batteries), you can support the public grid in times of high load by selling excess electricity.
– The program is being widely rolled out and the current salary levels are very attractive. Of course, this won’t always be the case, and even if you also invest in batteries, you can break even in three to four years, Forslund said, adding:
– According to our calculations, the solar cell plant itself will pay for itself in just over a decade.
SunDay is OKQ8’s investment in solar energy, storage and charging. As an integrated provider, you are responsible for the entire project from start to finish. In addition, you can also help with financing, for example, companies can lease solar cells instead of buying them.
– I would say that we are unique in being able to offer a holistic solution, where we design, do the groundwork, build the facility and make sure everything is done correctly in accordance with existing laws and regulations. We have processes in place to ensure this. With the support of OKQ8, it guarantees safety and long-term sustainability, says Forslund.

The goal is to achieve a turnover of 1 billion kroner by 2027. In Finland, they have already built three major solar parks for the industrial production of solar energy. On Swedish soil, several smaller projects have been completed and more are in the works.
– In the long term, there will be a huge shift towards electrification of the fleet, both cars and trucks. There will be a huge demand for renewable energy and our role is to help our customers make that transition.
Forslund noted that companies have shown an increased interest in solar cells in recent years. The unstable environment caused by war and interest rates has pushed up energy prices – but he believes another factor is decisive for the interest:
– No matter what industry you are in, you don’t like uncertainty, whether you are a buyer or a seller, it’s a distraction. You want predictability. If you can get predictable energy costs over time, there is security, he continued:
– Companies look at their energy consumption, contracts and use expert help in forecasting. What will prices and demand look like in 10 years? 20? 30?

Forslund said that investing in solar cells must be done with a long-term perspective:
– The estimated lifespan of our solar farms is 30 years. During this time you can generate a lot of electricity for yourself and others. The larger the facility, the more attractive it is. This will also be a commercial advantage, because you can trace the source of the energy.
– I dare say that if you look more than three years into the future, you will not be able to get cheaper electricity anywhere else.
External Links: Happy Clients and Case Studies – Learn more here
This article was produced by Brand Studio in collaboration with OKQ8 and is not an article by Dagens industri
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