Global Organization
Tough tariffs against Chinese imports in the US means that most excess panels are shipped to Europe. Xuyang Dong of Climate Energy Finance, an Australian think-tank, said that “China’s estimated wafer, cell and module capacity that will come online in 2024 is sufficient to meet annual global demand now through to 2032.
Currently, solar panels manufactured in Europe account for only 3% of the market. However, SolarPower Europe believes that this could rise to 40% by 2030. The Chinese impact not only endangers companies but also hampers the bloc's industrial autonomy.
Cheap Chinese solar panels are flooding the EU market and threatening the viability of homegrown companies. Europe's solar industry warns it faces an "existential threat" and that unless action is taken soon, it could collapse in a matter of months.
European solar panel producers are calling for urgent curbs on Chinese access to the EU photovoltaic (PV) market to save their industry.
BRUSSELS — The EU should step in and spend €100 million on solar panels made by European companies faced with an imminent wave of bankruptcies thanks to intensifying Chinese competition and slowing demand in Europe. The industry’s main lobby in Brussels, SolarPower Europe, on Monday sent a letter to the European Commission asking for urgent help.
European spending on solar power components had increased from €6bn in 2016 to more than €25bn last year, leading to a glut of Chinese solar panels that were now sitting in European warehouses, the second letter read. The amount of Chinese photovoltaic cells in storage was enough to cover Europe’s overall annual demand twice over, it said.
European solar companies say that local content rules in the EU''s proposal to boost the bloc''s renewables manufacturing will make the transition to clean energy more difficult because...
Europe is in a "price war" with China, said Gunter Erfurt, CEO of Swiss panel maker Meyer Burger, which plans to close its loss-making German solar module factory, citing …
REC Group, an international pioneering solar energy company headquartered in Norway, today announces Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance …
The EU has launched two investigations into Chinese solar panel manufacturers that Brussels said have benefited from market-distorting subsidies.
European solar panel producers are calling for urgent curbs on Chinese access ... It claimed that oversupply of PV modules from China late in 2022 and through 2023 had …
Cooperation between Chinese and European solar industries is a "win-win" situation, said experts and business representatives from the photovoltaic (PV) industry during …
Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has on Wednesday completed the acquisition of 100% …
The European Union has launched investigations into two groups of companies that include Chinese solar panel makers in the latest salvo against what it suspects is unfair …
European solar panel producers are calling for urgent curbs on Chinese access ... It claimed that oversupply of PV modules from China late in 2022 and through 2023 had …
The goal of competing against low-cost Chinese solar panels might soon clash with the long-term climate targets introduced by the bloc, which will require a massive …
The installed capacity of solar panels in China in 2018 amounted to more than a third of the global total, with the country accounting for half the world''s solar additions that …
European solar companies say that local content rules in the EU''s proposal to boost the bloc''s renewables manufacturing will make the transition to clean energy more …
BRUSSELS — The EU should step in and spend €100 million on solar panels made by European companies faced with an imminent wave of bankruptcies thanks to …
Notably, around 80 percent of China''s solar panels were exported to the European market during this period (Cao and Groba, 2013), driven by the generous feed-in-tariffs provided by EU governments to …
BRUSSELS — The EU should step in and spend €100 million on solar panels made by European companies faced with an imminent wave of bankruptcies thanks to intensifying Chinese competition and slowing demand …
Europe hoarding Chinese solar panels as imports outpace installations; €7 billion sitting in warehouses ... Today, panels made in China often cost as little as two-thirds of European-manufactured capacity. Market watchers might think that …
Europe''s solar power industry has warned that a glut of cheap Chinese imports has pushed some manufacturers to the brink of bankruptcy, hampering the EU''s efforts to …
The China National Machinery Import & Export Corporation (CMC) is to build the largest solar park of Central Europe in Kaposvár, SW Hungary, the Hungarian Ministry for Innovation and …
Last year 97pc of the solar panels installed across Europe came from China. The European Solar Manufacturing Council (ESMC) has warned of a looming "wave of …
The country''s dominance in solar technology, cost-effective manufacturing, diverse product options, adherence to global compliance and standards, robust export …
Millions of solar panels are piling up in warehouses across the Continent because of a manufacturing battle in China, where cut-throat competition has driven the …
The probes reflect a hardening stance in Europe towards cheap Chinese imports, which the EU''s solar industry has blamed for the heavy losses and plant closures of several European solar panel ...
This week, the European Commission will almost certainly impose substantial interim tariffs on solar panels that it believes Chinese firms are dumping in the EU. This …
Europe''s solar power industry has warned that a glut of cheap Chinese imports has pushed some manufacturers to the brink of bankruptcy, hampering the EU''s efforts to boost local production of...