Connect with us

Hi, what are you looking for?

CleanTechnica

Green Economy

Solar Shortages Looming With Boom in Worldwide Demand

First Solar, the world’s cheapest solar panel maker, is reporting that they cannot meet this years demand for solar panels, and three more major manufacturers; Suntech, Yingli and Trina are also signaling that they are sold out, according to Reuters.

This is a huge turnabout. It is only a year ago that solar panels flooded the global market, driving down the cost of solar installations worldwide, after Spain suddenly eased off on its generous Feed-in Tariff, leading to a worldwide solar panel glut and a resulting 40% drop in panel prices.

[social_buttons]

The benefits of that suddenly cheap solar has had a huge impact. California alone installed as much solar in the first three months as it did in all of last year, at least in part due to cheap panels.

But now it appears that prices might rise again, due to ricocheting demand.

First Solar is having to postpone projects in the United States to meet demand in Europe, supplying growing markets in France, Spain and Italy, as well as in China and Australia.

As we enter the Peak Oil years and start the very bumpy slide down the other side of Hubbert’s Peak, this kind of increased competition for all sources of energy is increasingly likely.

If you have been on the fence about getting your own solar, whether you’ve been procrastinating on buying solar, or just signing up for power by the kilowatt-hour –  it is clearly time to move fast before prices skyrocket… or lose out.

And when you do grab that forty-year supply of your own energy – don’t forget to include some additional electrons to charge that new electric vehicle that will keep you flying free on future freeways while others sputter along on the last drops of dangerous and dirty oil.

Solar estimators say for every 10,000 miles that you’ll drive annually, you should plan on including about 250 extra kilowatt-hours a month for charging an electric car. So, if you drive 5,000 miles annually, you’d need 125 kilowatt-hours a month to power that Volt, LEAF, TH!INK, or whatever, or about as much as to power a swimming pool pump.

Image: Flikr user amcoop

 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

writes at CleanTechnica, CSP-Today and Renewable Energy World.  She has also been published at Wind Energy Update, Solar Plaza, Earthtechling PV-Insider , and GreenProphet, Ecoseed, NRDC OnEarth, MatterNetwork, Celsius, EnergyNow, and Scientific American. As a former serial entrepreneur in product design, Susan brings an innovator's perspective on inventing a carbon-constrained civilization: If necessity is the mother of invention, solving climate change is the mother of all necessities! As a lover of history and sci-fi, she enjoys chronicling the strange future we are creating in these interesting times.    Follow Susan on Twitter @dotcommodity.

Comments

You May Also Like

Clean Power

Global information company IHS has confirmed fears of a solar wafer supply shortage in 2016. The global solar industry has been awaiting confirmation of...

Manufacturing

Like the rest of Europe, the UK has a Kyoto-level ambitious renewable energy plan to reduce its CO2 emissions 20% below 1990 levels by...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.