The world is going through an energy transition to become carbon neutral due to the climate emergency, and renewable energy technologies are at the forefront of this global phenomenon. Rapid advancements are occurring in the field of solar energy, and hydrogen has also surfaced as a viable alternative for a decarbonized economy. Grid-connected solar PV power plants are the next big thing in energy generation globally because they are renewable. Over the years, their demand has been driven by their enormous contribution to sustainability, carbon footprint reduction, and low-cost energy production.

Project developers and investors must assess the important factors and balance the financial and technological risks and opportunities along the value chain in order to maximize the benefits of solar energy projects, which are comparatively easy to implement. Developers and investors seek out specialized renewable energy engineering consultants that can provide full-service support from project conception to project completion in order to reap these benefits.