Solar capacity will remain a key focus of the Indian government’s spending this year, but some existing challenges for the industry could still hamper growth, according to experts.
In January the South African government released an amendment to its energy action plan that lowered the local content requirements of solar modules deployed on government-backed schemes from 100% to 30%. The move was unsurprising to many, and may speak to the overwhelming rise of private projects in the country’s PV sector.
The stage is set for the emergence of an ultra-low-cost PV industry based on epitaxial solar wafers and other highly scalable, high-efficiency technologies, writes Davor Sutija, CEO of NexWafe.
The state government of Queensland has issued a draft proposal to ban the dumping of solar modules in landfill, instead encouraging a recycling programme to repurpose the materials.
A provision under the US Inflation Reduction Act allowing for federal tax credit transfers for solar projects is creating whole new market, giving developers flexibility to sell such credits to third parties to capture maximum value or reduce risk, says a legal and commercial advisor.
Solar PV generation in the US during 2022 has increased by 24.14% year-on-year according to the country’s Energy Information Administration (EIA) latest report.
Trade body SolarPower Europe has called on the European Commission to include a ‘best-in-class’ solar labelling to leverage PV demand for European manufacturing in the Green Deal Industrial Plan.
