Skip to main content
An initiative of Iceland, Liechtenstein & Norway
EEA and Norway Grants Results & Data Portal
Site search will be enabled once the search service is connected.
Funding period
2014–20212021–2028

Showing all data for 2014–2021

Menu
Business Development, Innovation and SMEs Completed

Development of financial management model for solar parks

Inion ·Lithuania

€822k
Grant awarded
Business Development, Innovation and SMEs
Programme
1 September 2021
Signed

About this project

<p style="text-align: justify"><span style="font-size: 14px"><span style="font-family: Arial, Helvetica, sans-serif"><span style="color: #000000">Solar park investors and developers are building solar parks around the world - in countries with different climatic conditions that affect solar power generation. There are also many manufacturers of solar modules, inverters and structures and their various combinations are used for the installation of solar parks. There are several problems due to the large variety of equipment, unstable generation and the necessary tools for the management of solar parks.&nbsp;</span></span></span></p> <p style="text-align: justify"><span style="font-size: 14px"><span style="font-family: Arial, Helvetica, sans-serif"><span style="color: #000000">In order to fill the gap in the lack of solutions for solar parks, the company aims to offer a working new global product - software for solar park developers and investors, which: 1)&nbsp;provides an estimate of the return on investment of the planned solar park prior to its construction in the selected geographical area; 2)&nbsp;helps assess the condition of managed solar parks, regardless of the equipment used; 3)&nbsp;helps to maximize and maintain the current profitability of managed solar parks and provide a forecast for the future.</span></span></span></p> <p style="text-align: justify"><span style="font-size: 14px"><span style="font-family: Arial, Helvetica, sans-serif">Partner’s and Applicant’s research and commercialization experience will complement each other to ensure implementation of the project activities.&nbsp;Partner will contribute to Project’s R&amp;D activities: PV (photovoltaic power) generation estimation and predictions; fault cost estimation; PV park estimation.&nbsp;</span></span></p>

Bilateral cooperation results

Norwegian partners Green Business Norway cooperates with global solar park investors and developers. Cooperation with them was carried out in the framework of experimental and commercialization activities, adapting the product for convenient use.

Project partners

Lithuania country profile Other projects in this programme Project website