Industry Analysis & Industry Trends
Demand for construction of utility-scale solar power projects has skyrocketed thanks in large part to substantial government assistance. In addition to heavy demand catapulting revenue upward, falling capital costs have expanded the industry's profit margins. In the next five years, industry revenue growth is expected to slow significantly as a result of a lesser demand for solar power generation on the utility-scale level. Additionally, technological advancements in solar panel construction will lead to a greater supply of low-cost panels, making solar panels more accessible for individual consumers, also lowering demand.... purchase to read more
Industry Report - Starting a New Business Chapter
The Solar Farm Developers industry has high barriers to entry, mostly due to high capital costs associated with power plant construction. Prospective firms must purchase construction equipment and generation components to enter this industry. Additionally, new entrants must have technical expertise in solar power generation technology. These factors contribute to high start-up costs, making it difficult to enter this industry. Over the past five years, the recession and slow recovery made it difficult to obtain financing. Consequently, barriers to entry have increased.
Industry firms must also abide by government construction and energy regulations. New entrants need to obtain licenses from the Bureau of Land Management to construct solar farms on public land... purchase to read more