Solar Demand Booming
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.
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.
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