Amidst surging materials costs, the solar industry needs to avoid any “gaming” on price between upstream and downstream sectors as it could be “very dangerous for both sides”.
That was the view of Leo Xiang, general manager at Jiang Tai Insurance Brokers’ energy department, who spoke to PV Tech Premium about the need for the industry coordination and integration – agreeing with sentiments expressed at SNEC 2021 from various manufacturers – to find a way past the current supply chain bottlenecks.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Xiang also revealed how several companies he spoke to at the exhibition noted that utilisation rates had fallen given amidst price increases – a negative consequence given forecasted end market demand – and urged manufacturers to check their insurance terms to protect against any sizeable losses.
