Prospect of PV business

Prospect of PV business

 

 

 

 

Many people are interested in solar photovoltaic business, which is an eco-friendly energy, while a fine dust comes up as an issue nowadays. The government is also trying to support solar-related projects, so domestic interest in solar energy is growing, and the number of foreign investors interested in Korea's energy industry is increasing. As a result, the solar power generation business is stable in the market. Among the various renewable energies, the solar power generation business, which has a high marketability due to rapid supply and demand, is expected to become a very important industry leading the market.

 

 

 

 

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<Status and prospect of global solar market >

 

 

source: New Energy Finance

 

 

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The global solar market is led by three countries: The US, China and India. The US is expected to extend the new renewable energy support bill for five years in December 2015, and the investment in related business will be greatly expanded due to the extension of the preferential application period for the investment tax deduction on solar power plant. In China, the government will actively work to support the PV industry and its supply support. And in India, Prime Minister Mody has announced that by the year 2022 they will install a 100 GW solar power plant, and the international community is paying attention to it. As such, global solar demand is expected to increase every year.

 

 

Since the announcement of the new government, the proportion of renewable energy will increase and the interest in the photovoltaic power generation business is getting higher in Korea. From 2018, it is predicted that the regulations on development permits will be resolved effectively, and the effect of the power system reform progress, such as the expansion of facilities for grid-connection and the revision of related laws, will be effective. And the business will spread smoothly as the permission for stagnant photovoltaic power generation business is settled. In the future, it is expected that the policies for improvement and supply extension of related systems will increase, and the conditions of the PV business will be better in the future.