New entrants to solar equipment procurement may be surprised to encounter constantly amended contract terms, index-linked price rises, and near-worthless defect warranties, but they reflect recent supply chain troubles. Clean Energy Associates’ Martin Deak offers a buyers guide.
As solar energy experiences record growth, investors, customers, and regulators are increasingly asking for more disclosure and transparency on how solar supply chains are managed throughout product life cycles.
Polycrystalline PV technology, which is seeing its market share tumble on the global stage, still dominates India’s small solar manufacturing base and is emblematic of the R&D shortfalls in the sector, according to a survey of the state of the industry.
Despite strong revenue growth in its domestic market, Quick Mount PV – which was acquired by Netherlands-based Esdec last year – is abandoning its U.S. manufacturing to move overseas.
U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
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