Panama

Solar Market Outlook in Panama

The National Energy Plan 2015-2020 of Panama has an ambitious target of making 70 percent of the country’s energy supply coming from a renewable source within a 35-year period. This plan is part of the country’s long-term roadmap towards increasing energy efficiency and reducing carbon emissions through its energy system. 

The country has considered its renewable energy capacity and there are plenty of sources available. Therefore, they are not just looking at solar energy sources but others too like wind, geothermal, biomass, and hydropower. 

In 2019, Panama has reached 500 MW in solar PV energy. This was a huge leap from the previous year’s 176 MW solar capacity. This solar capacity rate is expected to continue growing as more solar projects are granted licenses. One of the largest projects to date is that of a Spanish firm that is looking at investing in a solar farm. 

Despite the positive outlook for the Panama solar market, there are undeniable challenges that the government is hoping to address. Among these challenges are the current power-market model (that favors conventional energy sources) and lack of flexibility measures. 

Solar Energy Equipment Supply Capacity in Panama

There are many global suppliers and distributors of solar power equipment that are serving the Panama market. This is good news as the local solar power investments are still in its infancy stage. Therefore, residential and industrial segments looking to expand its solar installations will have enough options available. 

Top 4 Major Seaports & Logistics in Panama

Panama has easy access to ports that facilitate logistics and handling of goods like solar power equipment from all over the globe. The list of the major seaports in Panama that facilitate handling of imported and exported goods include the ports in

• Panama City
• Colon, Balboa
• Cristobal
• Manzanillo.

OEM

Custom Made Solar Products OEM

OEM stands for Original Equipment Manufacturer which is commonly referred to as a company that manufactures and offers parts and accessories of items that are used as components of a product from another company. To sum it up, OEM commonly manufactures specific items on behalf of brands. Though OEM typically operates in the computer and technology industries, it also works in the solar industry.

Factories for White Label Solar Products

In the case of the solar industry, most solar companies work with solar OEMs to build and design their own solar products such as solar panels, cells, modules, etc. OEM becomes their outsourcing partner that helps them in assembling and reproducing their solar products.

Nowadays, a huge number of solar companies, particularly those large solar manufacturing companies, are partnering with outstanding solar OEMs to deliver the best quality solar products to their solar customers. Mainly, the reason is, these solar OEMs help solar manufacturers cut down their production costs since they no longer have to operate their own factories, purchase needed materials and hire labour to produce their solar products.

As a solar manufacturing company, the first thing you need to consider is to find the most reliable solar OEM in the market. One of the biggest perks of the internet these days is you can now easily find these OEMs even in the comfort of your home. With the help of a solar outsourcing marketplace such as SolarFeeds.com, you can easily find the most reliable and right OEM partner for your solar company. Solar outsourcing marketplace helps solar industry professionals gather accurate and timely information about solar including the list of most trusted Solar Original Equipment Manufacturers.