- Oct 15, 2019 3:00 pm GMT
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Annual solar plant operations and maintenance (O&M) costs will grow from nearly $4.5 billion in 2019 to just over $9 billion in 2024, according to Wood Mackenzie. Why? The solar infrastructure is aging: solar installations nearing inverter end of life will reach 21GW by the end of 2019, representing 3.4% of the global market. Costs are mounting. Unplanned repairs cost owners up to $3,000/MW/year, based on an average-sized solar power system of 50MW. How much does your company rely on solar? How closely have you examined its maintenance requirements?