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Global Smart Solar Market (Market Challenges (Long term Bankability …
Global Smart Solar Market
Drivers of smart solar Industry
Government support across geographies
Rise in solar energy
consumption
Growing environmental support
Hike in investments in grid management
Market Challenges
Long term Bankability
Planning errors
Installation defects
Weather related damage
Low Cost efficiency
12%-16 % of the sunlight that falls on the panel to electricity
E series panel currently has the highest conversion rates, which is around 20.5%
High initial investment and maintenance costs
High cost of upgrading smart grids
cost of distribution systems, replacement of transmission lines, substation digitization,
power delivering systems, and digital controls
High risk of cyber-attacks
2015, the National Security Agency in the US
Issues related to data management and device (meter)
replacement
Market trends
Increasing demand for solutions and services
Reduction in solar PV cost
Rapid deployment of smart grids
Investments in smart energy market
Distributed energy resources and energy storage
Impact of drivers and challenges
