Government initiatives like the Production Linked Incentive (PLI) scheme aim to boost domestic solar manufacturing, creating opportunities for local production.
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Cost Reduction
The rapid decrease in solar equipment costs, combined with policies that encourage competitive bidding and market-driven tariffs, paves the way for affordable renewable energy generation.
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Off-Grid and Rooftop Solar
Policies promoting off-grid and rooftop solar installations help decentralize energy generation and address energy access challenges.
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Technology Innovation
Encouraging policies for research, development, and innovation in solar technologies players like floating solar companies in India can enhance efficiency and cost-effectiveness, driving further advancements in the sector.