Solar panel shortage looms even as manufacturers invest in production

The solar industry is bracing for a global drought in photovoltaic panels after a series of high supply years that pushed prices to all-time lows and encouraged installations.

Solar panel adoption is supposed to increase as much as 29% this year, which has top manufacturers and installers anticipating a drop in availability of panels. This would be the first such shortage since 2006 when the nascent solar energy industry was just taking hold, reported Bloomberg News.

Eight years ago, only about 1.5 gigawatts of solar energy capacity was installed. This year as much as 52 gigawatts is expected to be hooked up and another 61 gigawatts in 2015, according to estimates by Bloomberg New Energy Finance.

That is compared with about 70 gigawatts of production capacity currently available, though that estimate could be high since some manufacturers’ equipment is out of date or obsolete.

The shrinking supply could hinder the growing rooftop solar panel industry. The scarce supplies often get routed to larger-scale utility projects and leave the residential side with limited availability.

Comments (1)

The biggest break thru was this one you mentioned. STORAGE and Renewable Energy quote=Annual installations of grid-connected PV systems, paired with energy storage, will grow more than threefold, to reach 775 MW in 2015.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

sonnenBatterie eco

sonnenBatterie eco

Sonnen's mission is to provide clean and affordable energy for all. As the first mainstream grid tied residential energy storage company in the world and with 24,000 sonnenBatterie systems installed worldwide, sonnen is a proven global leader in intelligent energy management solutions. The all-in-one sonnenBatterie smart energy storage solution easily integrates with new and existing solar installations to help homes manage their energy throughout the day-saving money, providing backup power, and maximizing the effective use of solar power day and night. Sonnen has won several awards for its energy innovations, including the 2017 Zayed Future Energy Prize, MIT's Technology Review's 50 Smartest Companies in 2016, Global Cleantech 100 for 2015-2017, Greentech Media's 2016 Grid Edge Award for Innovation, and Cleantech's 2015 Company of the Year Award in both Israel and Europe.