While the benefits of solar adoption are evident, challenges persist. The irregularity of solar power and the lack of efficient storage technologies remain primary concerns. The upfront costs of solar installations, though decreasing, remain a barrier for many. Complex regulations and bureaucratic hurdles often deter individuals and businesses from embracing solar energy. Addressing these challenges demands a concentrated effort.
The significant fall in solar module prices over the last six months is positive for under-construction projects.
Amid calls for an immediate transition to renewable energy, it’s important to ensure that aspects such as domestic resource utilization, the cost of transition, and the impact on the population are not overlooked.
Indian solar module manufacturers will have significant opportunities until July 2024 to sell their products in the USA market. However, their exports to the USA may start stagnating from 2025 and declining from 2027 onwards as the USA develops domestic capacities under its Inflation Reduction Act (IRA), according to a new report by IEEFA and JMK Research.
The Solar Power Developers Association (SPDA) is now Sustainable Projects Developers Association (SPDA), representing solution providers across solar, wind, hybrid, battery energy storage systems, green hydrogen and green ammonia sectors.
The European Solar Manufacturing Council says that the European Commission should ban all products made with forced labor to ensure the future of the European PV manufacturing sector.
The Israeli planning regulator says that some storage facilities will not need permit approvals over the next 18 months.
Falling solar equipment prices, bulk module orders, and an expansion in domestic solar manufacturing capacity are driving a solar boom in India. The government can add further impetus if it tweaks domestic content rules.
The European Parliament’s Internal Market and International Trade committees have approved and amended a proposal to create a global list of regions and industries with a high risk of forced labor.
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