There Is Still Huge Room For Growth in The Austrian Photovoltaic Industry in 2024

Austria's "Standard" reported on January 2 that the Austrian Federal Photovoltaic Association stated that Austria's photovoltaic power generation capacity increased by approximately 2 GW last year, twice the amount in 2022. This level needs to be reached every year in the future to achieve full coverage of power generation by renewable energy by 2030. Uncertain factors facing the photovoltaic industry in 2024: First, falling electricity prices and declining public attention to energy issues; second, the adoption of photovoltaic grid restrictions in some areas; third, the urgent need to revise the Austrian Electric Power Industry Law; fourth, the approval process for photovoltaic construction Complex and long. Favorable factors include: new photovoltaic systems below 35 kilowatts will be exempt from value-added tax in the future, the photovoltaic module supply chain is more stable, and module and battery storage prices continue to fall.