Europe’s solar panel manufacturers ask EU for emergency support
https://www.reuters.com/sustainability/climate-energy/europes-solar-panel-manufacturers-ask-eu-emergency-support-2024-01-30/
Multiple European solar manufacturers have announced plans to close factories in recent months, citing pressure from a flood of imports and an oversupply of solar panel parts that have piled up in European warehouses and pushed down prices. In a letter to European Commission President Ursula von der Leyen, industry group the European Solar Manufacturing Council (ESMC) warned that without rapid help, the EU risked losing more than half of its operational solar photovoltaic module manufacturing capacity within weeks…
Switzerland’s Meyer Burger (MBTN.S) is among the European firms struggling, this month announcing plans to close its loss-making production plant in Germany unless the government delivered promised funding.
DB2