The economics of developing solar have “decisively switched” according to a panel of experts this week, but development still faces a number of barriers with the most significant being the grid.
Solar investors believe that Europe can be a competitive market for PV manufacturing and compete with the US Inflation Reduction Act (IRA), as ESG and energy security concerns will drive money to the continent.
Strategic Power Projects’ (SPP) managing director Paul Carson has said that Ireland is “now beginning to move in the right direction” upon receiving planning approval for a 125MW solar and 285MW battery energy storage (BESS) co-located site in Movallet, Co.Louth.