Suppose you are a farmer, rancher, or landowner looking for a steady stream of passive income. In that case, you should investigate the solar farm land criteria for leasing a solar project on your property.
Despite the potential drawbacks, acquiring the 6-8 acres of solar-ready land per megawatt required to build even the smallest community solar farms may be worthwhile.
You can retire soon if you have the right kind of land for a solar farm. In this post, we will acknowledge the area required to set up a 1 MW solar power plant and need to know the associated costs!
How Big Is A 1 MW Solar Farm?
Solar farms can be as few acres or as large as tens of thousands. For a 1 MW SPV plant to be built using crystalline Silicon technology, about 5 acres of land is needed.
Typically, you’ll need a level, shade-free space of at least 12 square meters (130 square feet) for a 1-kilowatt rooftop system (preferably south-facing). However, local considerations like solar radiation levels, weather conditions, and roof form all play a role in determining the appropriate size.
How much power a solar farm generates is directly proportional to its overall area of operation. The greater the size of the solar farm, the more electricity it can generate.
A solar farm’s output of solar-generated power is used to categorize it rather than the area of land it occupies. Their ability to generate power is measured in this way. Regarding capacity, watts—the conventional measure of electrical power—are used.
Currently, the largest solar farm in the United States is the Copper Mountain Solar project in Eldorado Valley, Nevada. In all, it can produce 816 MW of electricity.
The original 86MW phase of the project began in 2010, and since then, it has been expanded four times. With the construction of the 250MW unit in March 2021, Copper Mountain became the largest solar facility in the United States, surpassing the Solar Star project in California.
Since March 2022, Bhadla Solar Park in India’s Rajasthan desert has held the world’s largest solar farm. There are a whopping 14,000 acres devoted to the solar farm.
It can produce 2,245 megawatts (MW), or 2.2 GW, of power. It has a capacity approximately three times that of the largest solar farm in the United States at the present moment, Copper Mountain.
What is 1 MW?
The capacity of a solar power plant in megawatts (MW) is one megawatt. Since it needs a sizable amount of land, it could be classified as a solar power station or ground-mounted solar plant.
These solar farms produce so much energy that they could provide power for a full business. The 1 MW solar power plant is perfect for major institutions, including factories, malls, and hospitals.
Typically, these are installed by the government for large-scale businesses. Solar electricity generated by commercial installations could be sold to a public utility.
1. CAPEX Model
The solar panel installation business will expect to be paid in full at the time of the installation. Your very own power plant will be set up in this manner. Your electricity will be provided free for the following 25 years or more.
Suppose you want to establish a solar power system with 100 kilowatts or less capacity at your house or company. In that case, the capital expenditure (CAPEX) model is the way to go. You will have complete control over your capital expenditures under the CAPEX framework.
2. OPEX Model
Only operational costs will be your responsibility under the OPEX approach. Through a Power Purchase Agreement (PPA) spanning 10-25 years, a solar system installation firm will pay for and install the entire solar system on your roof.
After the system is set up, monthly payments are reduced to a simple per-unit fee (cheaper than the going rate for the grid). Installation size, PPA term, and company credit all play a role in determining your PPA pricing (Rs.3 to Rs.7).
The OPEX mode is the way to go if you want to establish a solar system for your institution, business, or industry that has a capacity of more than 100 kW.
How Much Electricity Does A 1 MW Solar Farm Produce?
On a daily basis, a 1-megawatt solar power plant may produce around 4,000 units. It produces 1,20,000 monthly and 14,40,000 annually. Ground-mounted solar power plants, solar power stations, or energy generating stations are defined as those with a capacity of 1 MW or more.
These solar energy installations generate so much energy that they could run an entire business independently or sell it to the local utility. Nowadays, a solar power plant with a capacity of 1 kilowatt to 1 megawatt (MW) can be installed on anyone’s property or roof.
The effectiveness of modules varies by manufacturer. A higher quality brand can last longer without degrading as quickly as cheaper ones. Therefore, the number of children born will rise in the long run.
Radiation considerations impact the efficiency of solar power plants and the electricity they produce. The amount of radiation in a given area determines how much power is produced.
What Is The Cost Of Set Up a 1 Mw Solar Plant?
An approximate range would be between $100 and $110 per watt produced. As a result, the 1 MW system would set you back around $6-7 million.
Businesses can save high long-term electricity costs by installing solar energy systems, a one-time expenditure. Furthermore, this self-sufficient energy production will provide a safety net against any price increases in the future.
Factors such as panel type, solar equipment brand, location, installation method, roof orientation, etc., all affect the final price of a solar energy system.
The installation price will also be affected by the type of system chosen. An independent, or “off-grid,” system from the utility grid must include a battery backup system, which adds to the initial investment.
In many countries, including those that offer the 1 MW solar power plant subsidy 2020, the government covers a portion of the cost of installing solar panels on homes and communal buildings.
Solar energy installations made for profit are not eligible for subsidy. We hope you must have acknowledged everything regarding solar farms.