Monaco

Solar Market Outlook in Monaco

Monaco and its government is taking its environmental responsibilities seriously and they are taking measures to achieve its 2030 target of reaching 50% less GHG emissions. This figure is way more ambitious than the EU target that was cited in the Paris Agreement. In addition to that, Monaco has also set an ambitious target for carbon neutrality by 2050.

To make this happen, they have turned to renewable energy sources such as solar power. The National Green Fund is an initiative that was started to provide financial support for the country’s long-term climate action. Monaco is also investing in solar power through enabling the purchase of electric power plants that were powered by renewables. 

Since 2005, Monaco has remained steadfast in its commitment to undergo sustainable development. It started with the installation of solar roofs in residential and commercial properties. Aside from installing solar panels on the roofs, Monaco has also used heat pumps in order to generate energy since 1960. Recently, the government is looking at utilizing tidal energy for power generation, too. 

As of today, renewable energy is responsible for 24% of Monaco’s energy consumption and the government is committed to increasing that in the years to come. 

Solar Energy Equipment Supply Capacity in Monaco

There is an abundance of solar roof panel suppliers and distributors in Monaco. For those looking for utility scale installations, you can also turn to global and online distributors. 

Top 8 Major Seaports & Logistics in Monaco

The ports in Monaco play a vital role in the economy especially in trade and logistics. You can transport solar power equipment via the primary seaports in the country such as

• Port Hercule,
• Port Cap d’Ail, 
• Port Fontvieille.

Manufacturers

In the simplest terms, manufacturing is the process of producing actual goods or items/products through the use of raw materials, human labour, use of machinery, tools and other processes such as chemical formulation. This process usually starts with product designing and raw material selection, turning them into an actual product output. 

Solar Products Manufacturers and Factories

In terms of solar, manufacturing encompasses the fabrication or production of materials across the solar market chain. The most common product being manufactured by solar companies are the solar photovoltaic (PV) panels, which are made with several subcomponents such as solar wafers, cells, glass, back sheets, and frames. Before a solar panel comes into life, it will undergo a lot of processes, from designing, modelling, choosing what raw materials to use and then assembling them all to make the final product.

More Than Just Solar Panels

Aside from the solar panels, solar companies have many other manufactured products that are required to make solar energy systems work smoothly, like solar inverters, batteries, combiner boxes, and racking and tracking structures.

Having a solar manufacturing sector makes a big difference in supplying affordable solar energy in different areas. Aside from maintaining the rising domestic and global demand for cleaner and renewable energy, they also help the economy grow, particularly the solar industry. If you are in search of a reliable solar manufacturing company, checking out our solar outsourcing company, SolarFeeds, would help you get easy access to reliable information, news, data and a list of solar manufacturers that can help you with solar products.