Could a glass shortage delay global solar panel production?
We like to keep an eye on a range of different industry factors that are impacting solar for better or worse, and one potentially worrying one that caught our eye recently is to do with the availability of glass for solar production in the coming months. Some of the world’s biggest solar power companies have stated that a shortage of glass is both increasing costs and delaying the speed of their production of new panels, which is hindering China’s - and possibly other nations - plans to accelerate their shift towards clean and renewable energy. Price levels for the type of glass that coats solar panels have risen by a staggering 71% since July, with glass manufacturers struggling to produce it fast enough to keep more than a week’s worth of sales in inventory, according to Daiwa Capital Markets. The shortage comes as the solar industry turns toward bifacial panels, which increase both power output and glass requirements. Solar panel producers like Longi Green Energy ...