The State of Solar Development 2025, with Miguel Herrero

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S1E1 episode overview

In this first episode of Watt Matters, Ana sits down with PVcase Senior Market Advisor Miguel Herrero to discuss the findings from PVcase’s recent State of Solar Development report.

During the conversation, Miguel breaks down the key insights obtained from a June 2025 survey of over 400 solar professionals across various markets. 

What you’ll learn in this episode:

  • Why solar professionals remain deeply optimistic, even as nearly 40% cite financing, permitting, and interconnection as top causes of project failure.

  • The critical “valley of death” in pre-construction, where most projects get stuck—and strategies to overcome it.

  • How project risks and bottlenecks differ between the U.S., Germany, Spain, and Italy.

  • The unexpected reversal of the traditional 70/30 debt-to-equity financing model.

  • Why cutting data chaos, investing in high-quality engineering, and embracing automation are key to scaling solar.

  • The emerging role of battery storage, and why smarter processes—not just more panels—will shape the solar future.

Chapters

00:00 Introduction to Solar Enthusiasm

02:25 The State of Solar Development Report

05:09 Optimism in Solar: Growth and Challenges

08:13 The Optimism Paradox in Solar Projects

10:55 Identifying the Valley of Death

14:12 Best Practices for Successful Solar Projects

17:16 Regional Differences in Solar Development

20:02 Looking Ahead: The Future of Solar Technology

Meet Our Guest

Miguel Herrero is a Senior Market Advisor at PVcase, where he analyzes global solar market trends and provides strategic insights to the company’s leadership. With over seven years of experience in energy and climate, he has worked in the private sector, public institutions, and with non-governmental organizations, giving him a broad view of the opportunities and challenges in the solar industry.

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Meet the Host

Ana Conde is a seasoned product marketing leader with over 15 years in renewable energy. Known for her strategic mindset and passion for innovation, Ana brings clarity, curiosity, and deep industry knowledge to every conversation. As host of Watt Matters, she explores the ideas, people, and breakthroughs moving solar forward.

Image of Ana Conde - host of solar erergy podcast Watt Matters

About the Watt Matters podcast

On Watt Matters, a podcast from PVcase, we speak with industry leaders about the major challenges they run into daily. We get to the root of why projects fail and share the recipe for building a more resilient foundation for success.

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