Intense Market Competition and Price Pressure: The solar energy sector is highly competitive, leading to potential price wars and pressure on profit margins from numerous domestic and international players.

Adverse Regulatory and Policy Changes: Changes in government subsidies, tax incentives, import tariffs, or environmental regulations could significantly impact the economic viability of solar projects and customer demand.

Supply Chain Volatility and Raw Material Costs: Reliance on global supply chains for components (e.g., solar panels, inverters) exposes the company to risks from geopolitical events, trade disputes, and fluctuations in raw material prices (e.g., polysilicon, steel).