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Solar Boom: First Solar Panel Shortage Since 2006
The solar industry is facing a shortage of PV panels on the market for the first time after two years of persistent global oversupply.
Market oversaturation in the past has led to significant price drops, making solar more attractive. But it also led to the bankruptcy of a significant number of manufacturers, and to a decrease in the investment attractiveness of those who remained afloat. With a planned 29% increase in installation volume this year, performers could face a hardware shortage for the first time since 2006.
The shortage could play into the hands of major producers, including China's Yingli Green Energy Holdings Co and Trina Solar Ltd. It could also have a negative impact on the development of other solar energy markets, except the largest in Asia and North America. After all, manufacturers prefer to provide support primarily to their most significant customers. The supply of equipment for large industrial projects will be in priority over small installations on the roofs of houses, and this segment has recently been the most actively developed.
“The abundance of cells and modules is definitely over. There is no more excess production, says solar analyst Stefan de Haan of IHS Inc.
Future supply problems show the rapid growth of the solar energy market. By industry, 52 GW of capacity could be installed this year and another 61 GW in 2015. This is compared to 40 GW in 2013 and 7 times more than developers needed 5 years ago.
Source: greenevolution.ru
Market oversaturation in the past has led to significant price drops, making solar more attractive. But it also led to the bankruptcy of a significant number of manufacturers, and to a decrease in the investment attractiveness of those who remained afloat. With a planned 29% increase in installation volume this year, performers could face a hardware shortage for the first time since 2006.
The shortage could play into the hands of major producers, including China's Yingli Green Energy Holdings Co and Trina Solar Ltd. It could also have a negative impact on the development of other solar energy markets, except the largest in Asia and North America. After all, manufacturers prefer to provide support primarily to their most significant customers. The supply of equipment for large industrial projects will be in priority over small installations on the roofs of houses, and this segment has recently been the most actively developed.
“The abundance of cells and modules is definitely over. There is no more excess production, says solar analyst Stefan de Haan of IHS Inc.
Future supply problems show the rapid growth of the solar energy market. By industry, 52 GW of capacity could be installed this year and another 61 GW in 2015. This is compared to 40 GW in 2013 and 7 times more than developers needed 5 years ago.
Source: greenevolution.ru
