Solar panel supply has dried up in the Greek market, as is also the case throughout Europe, creating difficulties for PV investors, big and small, who are seeking to develop solar parks ahead of RES auction deadlines or to secure non-auction tariffs.
The solar panel market shortage has been attributed to a significant increase in PV installations, both globally as well as in China, essentially the world’s sole PV producer.
Investors already committed to tariff contracts are subject to major solar panel delivery delays, while others now making efforts to purchase equipment needed to develop their solar parks are unable to find delivery dates any sooner than the third quarter of 2021.
Besides the market shortage of solar panels, shipping containers from China have also been hard to come by, possibly as a result of a sharp increase in the trade of electronic goods during the pandemic, prompting higher transportation costs.
Solar panel prices have also risen considerably, compared to levels last summer, which has caused business plan issues for prospective green-energy producers.
China has announced a five-year PV installation plan to run at an annual rate of 65 GW from 2021 to 2025. Also, global PV demand is soon expected to reach 200 GW, annually.
Quite clearly, solar panel production, for the time being, cannot meet demand. This shortage is expected to last until at least the end of the first half in 2021.