Will the EU lose half of its solar photovoltaic module manufacturing capacity?

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.

How does the EU support the European solar PV manufacturing sector?

Over the last years, the EU has taken initiatives to strengthen its support to the European solar PV manufacturing sector, which includes several globally competitive companies in several steps of the value chain.

When will PV modules be shut down in Europe?

"Over the next 4–8 weeks, major EU PV module producers and their European suppliers are poised to shut down manufacturing lines unless substantial emergency measures are promptly implemented," said the letter, dated Jan. 30.

Why are Chinese solar panel manufacturers seeking a government intervention?

REUTERS/Stringer/File Photo Purchase Licensing Rights SHANGHAI, June 12 (Reuters) - Chinese solar panel manufacturers said they are seeking immediate government intervention to curb investment and industry collaboration to arrest a plunge in prices of solar cells and modules, as the industry faces overcapacity.

Why did the photovoltaic industry fall 70%?

Gongshan Zhu, chair of the Asian Photovoltaic Industry Association, warned new companies against rushing into the sector, saying industry profits had plunged 70% due to overcapacity and falling prices, while exports were curbed by trade barriers imposed by the United States.

Why are European solar panels closing?

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.