LBCI

The solar energy market declines by 80 percent

27-12-2023 | 03:25

Share

Share

The solar energy market declines by 80 percent

2^min

Under the title "Prices in Lebanon cheaper than China: Solar energy market declines by 80 percent," the newspaper "Al-Akhbar" reported:

The import of solar panels in 2023 has decreased by 80 percent compared to 2022. The value of what was imported this year did not exceed $100 million, equivalent to about 20,000 tons of panels, compared to over 83,000 tons in 2022, with a value of nearly half a billion dollars.

The decline also affected accompanying equipment such as batteries. In contrast to the import of 106,000 tons of batteries worth $305 million in 2022, Lebanon imported around 15,000 tons this year, worth $61 million.

Some owners of companies operating in the solar energy sector attribute the significant decline in imports to the fact that "the poor do not have solar energy, and the affluent have installed it." With a sharp drop in demand for installing solar energy generation systems in homes, "major traders remain, while those urgently involved in the business left."

Lebanon News

Solar

Energy

Market

Lebanon

Next

Source close to Hezbollah says Israel strike targeted Palestinian affairs official

Recommended For You

Lebanese army raids drug manufacturing sites, arrests suspects

10:20

Lebanese army raids drug manufacturing sites, arrests suspects

Lebanon announces school holiday for Eid al-Adha from June 6 to 9

08:58

Lebanon announces school holiday for Eid al-Adha from June 6 to 9

Israeli military claims strike killed Hezbollah member in southern Lebanon

07:54

Israeli military claims strike killed Hezbollah member in southern Lebanon

Iraq’s PM urges full implementation of UN Resolution 1701 after meeting President Aoun

06:35

Iraq’s PM urges full implementation of UN Resolution 1701 after meeting President Aoun

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Eurozone inflation holds at 2.2% in April

2025-05-02

Eurozone inflation holds at 2.2% in April

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

Russian delegation heads to Istanbul for Ukraine talks

09:13

Russian delegation heads to Istanbul for Ukraine talks

President Aoun meets Starlink official over efforts to expand service to Lebanon

2025-05-29

President Aoun meets Starlink official over efforts to expand service to Lebanon

Videos

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

Kuwait rolls out official welcome for Lebanon's President Aoun – video

2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

Most read

24 hours

7 days

Month

Israel’s Channel 14: US envoy Morgan Ortagus to step down soon

1

Israel’s Channel 14: US envoy Morgan Ortagus to step down soon

Behind closed doors: UN envoy meets Hezbollah official to discuss Resolution 1701 and Israeli violations

2

Behind closed doors: UN envoy meets Hezbollah official to discuss Resolution 1701 and Israeli violations

From isolation to investment: Syria's comeback highlights Lebanon's stalled crisis

3

From isolation to investment: Syria's comeback highlights Lebanon's stalled crisis

Air defense system upgraded: Israel reveals secret laser weapon, the 'Iron Beam'

4

Air defense system upgraded: Israel reveals secret laser weapon, the 'Iron Beam'

Israeli military claims strike killed Hezbollah member in southern Lebanon

5

Israeli military claims strike killed Hezbollah member in southern Lebanon

Miss Thailand crowned Miss World 2025

6

Miss Thailand crowned Miss World 2025

President Joseph Aoun meets Iraq's president in Baghdad visit

7

President Joseph Aoun meets Iraq's president in Baghdad visit

Motorcycle strike kills one on Kfartebnit-Arnoun road

8

Motorcycle strike kills one on Kfartebnit-Arnoun road

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More