A drastic reduction in output of solar module panels by Chinese manufacturers, prompted by electricity shortages in the country as well as limited availability of PV materials, is heavily impacting RES sector investors in Greece.

Numerous local investors who had placed PV orders quite some time ago have been informed, by Chinese manufacturers, of delays for indefinite periods. Developers face the same problem.

PV prices have surge amid the extraordinary conditions making it extremely tricky, if not impossible, for Chinese manufacturers to price their products.

The energy crisis in China has forced the government to impose electricity consumption limits on industrial producers, which has hampered their operating capacity.

In response, many large-scale PV producers in China have chosen to suspend their operations, deeming as unfeasible the prospect of producing for a limited number of hours per day.

Five of the country’s PV producers, Longi, Jinko, Trina, JA and Risen, have issued a joint statement noting that, under the current conditions, their output cannot exceed 70 percent of capacity.