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Opportunities for the solar PV industry remain promising as the global PV system installation market continues to diversify into new countries.However,challenges remain to be overcome in order to realize the sustainable growth of the market.Prices continue to fall across the value chain,product development cycles are getting shorter,and projects are being implemented faster.These factors give rise to increasing risks on both the PV component and PV system level.For components,there is enormous pressure to reduce costs,and therefore manufacturers must be careful to ensure the consistent quality of their products to reduce risks of failure and warranty claims down the road.For systems,it has become clear that design,planning,implementation and installation are highly crucial factors in realizing the successful development of a solar project.This is especially critical in emerging markets with less experience in system integration.This new risk situation has led to a redefinition of technical bankability criteria for PV components and projects,making it more challenging to acquire funding from lenders and investors.It is therefore necessary for the industry to adopt more stringent quality assurance measures to meet these redefined criteria.Quality assurance must move beyond the test parameters for PV components set by existing international standards and take into account new data acquired from laboratory research and field experience.Finally,the industry must also implement quality assurance measures on the level of complete PV systems,because the foundation for overall system quality is formed not only by components,but is also heavily dependent on planning,engineering,construction and execution.