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LG promises to popularize solar panels among Spanish homes

The firm disembarks in Spain with equipment for 15,000 euros


“It will become cheaper than paying the traditional bill of light.” With this economic argument and with the ecological claim in favor of promoting a more sustainable world, LG Electronics aims to become a kind of ambassador of the sun to popularize photovoltaic energy among families and businesses. So far, the entry barrier was strictly legal, but that is already history since blessing the self-consumption shared Royal Decree-law 15/2018, of October 5, the one referring to urgent measures for energy transition and protection of consumers.

According to LG estimates, the amount to be considered by any family to migrate to solar energy is around 15,000 euros.

With this budget, a single-family house can hire LG the works and equipment to install a score of photovoltaic panels on its roof, along with a 12 kW battery and a photovoltaic inverter (machine that adapts the electricity generated by the solar panels to make it compatible with household appliances, lighting and other electronic devices).

With a repayment term of five years, the monthly cost would be around 250 euros, although there are already financial entities that delay such acquisition in 7 years. In order to balance the accounts, it is assumed that no breakdowns will occur.

In the face of these contingencies, LG offers a 25-year warranty on its entire range, as well as an average yield of approximately 93%. Nor is the possibility of the prices of solar panels falling in the coming years.

In addition, it is assumed that the conventional electricity bill will not reduce its prices in the future, or even with the increasing weight of renewable sources.

The situation has turned around in recent months. The new Spanish regulation that foresees to boost the energetic autoconsumo allows now to the manufacturers of solar panels send to the hunting of the communities of proprietors, companies and individuals.

After suppressing limitations, sanctions and uncertainties, the regulation puts an end to the sun tax and invites the auxiliary industry to participate in a business that until recently seemed inaccessible.

The first giant to take advantage of the new conjuncture is LG Electronics, a company that last week confirmed the arrival in Spain of its panels, batteries and solutions for solar energy , with the aim of offering the cheapest technology to produce electricity.

This is “some plates that allow people to offer free unlimited energy in their homes,” Jaime de Jaraiz, president and CEO of LG Electronics Iberia, explained on Thursday in a meeting with the specialized press.

Normative obstacles

The same manager said that his company “had not been able to enter Spain until now because the regulations prevented it”, after noting that his group has been manufacturing solar panels for more than 30 years, where he has invested more than 2,000 million euros invested in I + D to facilitate the sustainable development of the economy.

In this endeavor, LG intends to promote self-consumption between single-family homes and flats with a technology that “allows to obtain the highest energy efficiency with the least space available”.

In the case of Spain, the South Korean company has been selling panels since January 1: NeON 2 (for the residential market), NeON R (for individuals with high performance) and NeON 2 Bifacial (for the commercial sector).

All of them have 30% more power, so “fewer units per house will be necessary for their technological supply”.

In addition, “the LG plates have a technology with up to triple the power, thanks to a differential solution that manages to take advantage of both sides of the panel to produce more energy optimizing the space”.

According to sources of the company, “the three panels will allow converting the outdoor parking garages themselves in power generation plants, always adapting to each need”.

LG sources say that “the implementation is being carried out in two phases, the first in companies and neighborhood communities and the second in private buildings.” It is a great opportunity for Spain and its citizens.

Thus, adds De Jaraiz, “the company continues its effort to promote self-consumption because, by giving more to give a greater offer to the final consumer, combined with a stable regulatory framework, expand the user’s options for self-supply. thus to the commitment to promote a sustainable economy “.

Energy inconsistencies

In the opinion of Estefanía Caamaño, from the Energy Institute of the Polytechnic University of Madrid, LG’s proposal offers the lowest kilowatt-hour production cost, thanks to the application of more efficient technologies than the current ones.

“In Spain we do not have the legislation that we deserve”

“In Spain we do not have the legislation that we deserve, but we hope that the next regulatory revision will force buildings to generate electricity whenever there is a justification for cost-effectiveness.”

The same expert also believes that “Spain is an example of energy inconsistencies that we can solve with the regulatory change and the incorporation of new and more efficient technological solutions such as LG solar panels”.

De Jaraiz stressed that “LG’s philosophy is to promote innovation to improve people’s lives”.

In the search for efficiency, the executive added that “your company democratizes technology so that everyone can have a good television, washing machine, refrigerator and now also solar panels.”

Francisco Ramírez, general manager B2B of LG Electronics Iberia, stressed that Spain is “a market of potential exponential growth, since more and more there is a greater awareness on the part of citizens and companies”.

“Thanks to this situation, we can break the incoherence of being the country with the highest incidence of the sun as opposed to being the one with the lowest production of solar energy,” added Ramírez.

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