We have finally produced a global glut that hits everywhere. And doing your fences is not a lousy idea because you can DIY install.
at least they will not be sitting in a garage. and that picture is even attractive.
This will certainly sort out theindustry and induce innovation to work off inventories in what is now a mature industry..
Global glut in solar panels so bad, people are using them for garden fences, just as Australia looks to jump in
By Jo Nova
There is such a glut in solar panels, the Financial Times reported that people in Germany and the Netherlands are using them as cheap garden fencing, even though the angle is not good for catching the sun. Though given that there is also a glut of solar power at lunchtime this is probably a “good” thing.
Great time for the Australian Government to spend a billion dollars setting up a giant solar panel production industry, eh?
With exquisite timing the Australian Labor government has just announced a Solar Sunshot for Our Regions. It our Prime Ministers ambition for us to be a “Renewable Energy Superpower” twenty years too late. One third of homes in Australia already have solar panels, but only 1% were made here. The NSW State government will also lob $275 million to support the embryonic industry and workers, most of whom will presumably be doorknocking to give away the panels with lamingtons. After we finish building garden fences, we might be using them to build sheds and cubby houses.
The big solar rush is over…
The global frenzy to install solar panels has suddenly flattened out last year when it was supposed to be launching for orbit. The IEA estimated the world now has about 800 GW of solar panel plants. But demand for solar panels this year is only expected to be 402GW. The glut is so bad, the whole global solar panel industry could take half the year off to play golf and no one would notice.
In the media, everyone is saying “China has flooded the market”, but for some reason, no one wants to mention that the demand curve has suddenly slowed. The CCP has bet big on renewables sales and was probably expecting that rapidly rising curve to take off. Instead as interest rate rises clamped down on “luxury” spending people ditched their plans to install solar PV.
The glut should be no surprise to any investor. The over supply has been recognised since January. And any serious investor in solar PV would know that solar stocks around the world were down 40% in the first three quarters of last year. The Australian Prime Minister has a whole team of researchers and Ministers and none of them have even hired a high schooler to google the news on the solar industry?
Huileng Tan, Business Insider
China’s manufacturers are pumping out so many solar panels that the resulting global glut has caused prices to tank.
Solar panels are typically installed on rooftops, where they can capture the most sunlight — but there’s so much excess supply that some people are putting them on fences. This also saves on pricey labor and scaffolding costs required for roof installations, FT reported.
Fences covered in solar panels are also starting to take off in the UK, North America, and Australia.
Solar-panel supply globally is forecast to reach 1,100 gigawatts by the end of this year — three times more than demand, the International Energy Agency wrote in a report released in January.
If China makes 80% of the worlds solar panels, and if solar energy is so cheap and efficient, why doesn’t China just keep those panels and use them itself?
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