At Last, a Real Use for Solar Panels; Fencing Material! By James Reed
Jo Nova has covered the story of the world glut in solar panels, which is leading to the things becoming pests, much like any other feral thing. People in Germany and the Netherlands, where there is not a glut of sun anyway, are using them as garden fencing, which is a far better use of them than as an energy source. But the Australian government is seemingly not aware of the law of supply and demand here and is throwing a billion dollars towards setting up a solar production industry, decades too late, to make us a "Renewable Energy Superpower." Perhaps it would have contributed more to energy production, to just burn the billion in paper notes and heat up a few billies of tea, for what it is worth!
Communist China dominates the solar panel market churning out 80 percent of the future fencing sheets. As the article wisely asks: "if solar energy is so cheap and efficient, why doesn't China just keep those panels and use them itself?" The answer is that China is giving the West the solar rope which will lead, through moving away from safe and secure fossil fuels, that the West will hang itself with, to paraphrase a quote supposedly made by commo Lenin.
"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?
China has flooded the market with so many solar panels that people are using them as garden fencing
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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