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.

Wholesalers

Solar Products Wholesalers 

Wholesaling refers to buying some products or goods directly from its manufacturer usually at a discount and then reselling it to the retailers for a comparatively higher cost than the original. Basically, wholesalers handle products and package them in small quantities and then sell them to retail customers, either for commercial or personal use. 

Many industries have wholesalers, and that will not skip the solar industries. Nowadays, many solar wholesale stores/firms are operating across the globe, making it much easier for retailers to go solar. Sometimes retailers find it hard to reach direct manufacturers of solar products because some companies do not have their solar stores/shops in public, with that they are not also offering solar products per piece. Through wholesale solar stores/shops, these individuals can easily buy the solar products that they need to replace or maintain their solar systems. 

If you are in need of solar product suppliers for an individual purpose, you may visit some solar outsourcing marketplace to get an updated list of solar wholesalers near your location. There are many solar platforms that provide enough information and data about the solar industry in your region, including all the reliable solar wholesalers in town.