Solar PV is the fastest growing renewable energy technology worldwide. This explosion in growth is driven by falling costs, technological innovations and ambitious climate targets supported by shifting policy from mature and emerging economies.
This rapidly evolving market is filled with opportunities, but presents challenges for developers, governments and stakeholders alike. Large-scale solar farms must acquire land and navigate permitting delays – and in high-penetration markets grid connection and curtailment risks are not uncommon. Integration with storage and hybrid systems can firm-up power for sustainable, bankable yields; but integration with these systems is its own challenge. Despite these hurdles, solar is a rapidly growing sector, and those who act now can secure a competitive advantage in leading the energy transition.
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