To what factors can be the recent dramatic fall in equipment cost and tariff of solar energy be attributed? What implications does the trend have for thermal power producers and related industry?
Points to Remember: Cost reduction drivers: Technological advancements, economies of scale, policy support, and increased competition. Implications for thermal power: Reduced competitiveness, potential for stranded assets, need for diversification and adaptation. Related industry impact: Job displacement in some sectors, new opportunities in solar manufacturing and installation. Policy considerations: Need for a just transition to support … Read more