Solar industry faces supply chain and logistics issues
POWER & RENEWABLE ENERGY

Solar industry faces supply chain and logistics issues

The solar industry is facing a slew of issues this year including prices of steel and aluminium, and a surge in freight costs.

SolarEdge Technologies, a US-domiciled power optimiser, solar inverter, and monitoring systems for photovoltaic arrays, has fallen by 16% in about four months after warning that margins will diminish a little in the coming months during logistics-related cost pressures.

The solar industry has been facing a sequence of problems this year involving higher prices for steel and aluminium plus an increase in freight costs. SolarEdge's disclosure came a week after rival solar-parts maker Enphase Energy said that there is no sign the worldwide shortage of semiconductor components will subside any time soon.

Jeff Osborne, an analyst at Cowen & Company, said that all of them impact gross margins, and gross-margin trends historically have been leading indicators of how to trade the stocks.

Last month, Maxeon Solar Technologies told the media that the solar industry faces pervasive upstream supply chain cost challenges. The panel manufacturer said that elevated costs for glass, solar cells, and freight might persist well into the second half of 2021.

Image Source


Also read: Exploring AI options in logistics and supply chain sector

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The solar industry is facing a slew of issues this year including prices of steel and aluminium, and a surge in freight costs. SolarEdge Technologies, a US-domiciled power optimiser, solar inverter, and monitoring systems for photovoltaic arrays, has fallen by 16% in about four months after warning that margins will diminish a little in the coming months during logistics-related cost pressures. The solar industry has been facing a sequence of problems this year involving higher prices for steel and aluminium plus an increase in freight costs. SolarEdge's disclosure came a week after rival solar-parts maker Enphase Energy said that there is no sign the worldwide shortage of semiconductor components will subside any time soon. Jeff Osborne, an analyst at Cowen & Company, said that all of them impact gross margins, and gross-margin trends historically have been leading indicators of how to trade the stocks. Last month, Maxeon Solar Technologies told the media that the solar industry faces pervasive upstream supply chain cost challenges. The panel manufacturer said that elevated costs for glass, solar cells, and freight might persist well into the second half of 2021. Image SourceAlso read: Exploring AI options in logistics and supply chain sector

Next Story
Resources

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

Next Story
Real Estate

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Next Story
Infrastructure Transport

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement