Imports Of Solar Panels & Inverters Surge In South Africa As Power Crisis Grows
, a Senior Economist at Trade, Industrial Policy Strategies , recently showcased just how much imports of solar panels and inverters have surged in recent months in South Africa.
Let’s take a look at solar panel imports first. Imports of solar panels hit an all-time high in the first quarter of this year. R3.6 billion worth of solar panels were imported into South Africa in Q1 2023. The analysis from Gaylor shows that this is three times as much as the previous quarter. In the whole of 2022, R5.6 billion worth of solar panels were imported into South Africa. This figure will most likely be surpassed in Q2 for this year.
. These projects will now be at various stages of development, and therefore more solar panels, inverters, and where applicable, lithium-ion batteries, will be brought into the country to complete these projects. This is perhaps a good opportunity to have more locally manufactured products in these sectors as volumes grow, justifying potential investments in these areas.
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