By Charles Guo 9/24/13
Are firms in the renewable energy industry going out of business, or are they consolidating to set course to finally scale? Industry experts ranging from financiers to manufactures from the solar energy industry shared their foresights into the hotly followed solar energy industry. The panelist collectively agreed that this industry is just starting to rise. Three key strategy drivers of growth for the industry will need to come from tech innovation, globalization, and cost reduction. While instillation cost of solar PV has dropped tremendously in the last five years, the industry needs financing costs to come down even further before the industry can truly take-off. Industry experts are optimistic that the advance of data aggregation for the industry will allow investors to better understand and manage risks in their investments for this sector. As more firms develop financial vehicles to increase liquidity in the sector, experts expect capital injections to accelerate.
Rhone Resch, SEIA President and CEO 9/12/13
All across the United States, rooftop solar panels are popping up on homes, businesses and schools like mushrooms in a forest, and utility-scale solar projects are bringing huge amounts of clean energy into our communities. Why? Well, among other things, consumer choice in America is something that we all hold very sacred.
By David Field, OneRoof Energy CEO and Founder
The demand for solar in the U.S. has nearly doubled over the past few years, bringing significant opportunity for solar installation providers along with challenges that such rapid growth inevitably brings. Now the solar industry must collectively take advantage of this momentum by advocating for a streamlined and more efficient solar permitting practices and working with local governments to establish a permitting standard that will increase efficiencies and help installers manage costs amid this growth.
In Tuesday's session on Renewable Energy in Mexico , Miguel Vazquez from the U.S. Commercial Service in Mexico City presented a detailed look at the challenges and opportunities for U.S. businesses wanting to market renewable solutions in Mexico . With its own presidential election looming, Vazquez says that Mexico 's renewable energy policies would likely get a boost, but warned its regulatory framework would continue to be a challenge as American businesses expand across the border.
He said things will likely be compounded by the fact that Mexico 's largest utility, CFE, has a mandate to buy the cheapest energy available. That's a policy decision that helps zero out solar all the way into the year 2026. U.S. companies are also limited in terms of how they can work with CFE, said Vazquez. Today, only power generation projects are considered, not distribution or transmission.