LONDON--(BUSINESS WIRE)--Countries around the world are increasingly focusing on sustainable alternatives to fossil fuel. As climate change becomes a more urgent global concern, efforts are being made to build more environmentally friendly power sources. Infiniti Research notes that many countries are introducing solar power into their energy mix, as technology in that area advances and solar panels become more efficient.
Market developments
Vietnam is beginning to increase its focus on solar power and pollution reduction. Earlier this month, the Prime Minister approved Decision 11, a regulation on the development of solar power projects. This regulation had been stalled in the drafting stage for several years, and its approval will encourage investment in solar power. Decision 11 provides investment incentives such as investment credits, import duty exemptions, and corporate income tax incentives.
Electricity of Vietnam (EVN), the country’s state-run electricity company, will be developing two solar photovoltaic (PV) power projects, one in the province of Dong Nai and one in Binh Thuan. It is also collaborating to build a 200-megawatt (MW) solar PV plant in Ninh Thuan that is expected to become operational in 2019, and has plans to develop other solar projects in the coming years.
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As countries make changes to their policies and incentives, new market opportunities open up around the world. Market intelligence can help identify those opportunities, as well as allow you to thoroughly prepare before entering a new market. Infiniti Research can provide an in-depth analysis of your industry, including relevant laws and tax breaks, as well as prominent players in the market. Armed with this information, you can be prepared for the challenges and opportunities that will arise, and set up operations with confidence.
Infiniti Research recently conducted a detailed market assessment for a leading solar panel manufacturer that wanted to understand the potential market opportunities for its solar cell products in Latin America. Infiniti’s research experts worked to quantify the demand for client’s products and provide qualitative insights specific to market structure and trends.
View the study: https://www.infinitiresearch.com/casestudy/assessment-of-crystalline-solar-cell-market-in-latin-america
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