Project Objective:- To safeguard solar companies from incurring financial losses
What led to the decision to address this specific business issue?
The business problem of analyzing the performance and efficiency of the solar power plant was selected because of its relevance and significance in the renewable energy industry. Solar power is an increasingly important source of clean energy, and optimizing the performance of solar power plants is crucial to ensure their viability and contribute to sustainable energy generation.
By analyzing the data from the solar power plant, insights can be gained into its operational patterns, energy generation trends, and the impact of weather parameters on performance. Addressing this problem allows for identifying areas of improvement, enhancing power generation efficiency, and maximizing energy output, ultimately leading to better utilization of resources and more sustainable energy production.
There are some multinational Solar power plant companies out there such as SunPower Corporation, Canadian Solar, Tesla Energy, Enphase Energy, and SMA Solar Technology which are leading providers of Solar Inverters and Energy management systems for Commercial, Residential, and Utility-scale solar installation despite the fact that these are big MNCs but they are unable to get high ROI and faces badly financial losses due to the operational expenses and not having proper Energy Production Analysis.
