Lifeline for Europe's solar industry: competition from China, political uncertainty and economic difficulties threaten the future

Lifeline for Europe's solar industry: competition from China, political uncertainty and economic difficulties threaten the future

How www.telepolis.de reports, the solar industry in Europe is facing major challenges. Competition from China, political uncertainty and economic difficulties threaten the future of the European solar industry. Despite the boom in solar energy in Germany and the installation of more solar systems than in any other EU country, German and European manufacturers are facing major problems. This is exemplified by the Swiss manufacturer Meyer Burger, which is reviewing and possibly even closing its production in Germany. The entire industry is affected by the crisis.

A possible closure of the Freiberg factory could jeopardize 500 jobs and affect the entire supply chain. Politics could help, but so far there is a lack of concrete support measures for the solar industry. Europe is withdrawing from the solar industry as the market is flooded with cheap Chinese solar panels. The production conditions in Europe, high energy prices, higher labor costs and a lack of competitive supply chains represent further obstacles. US funding for the expansion of production and tax credits are attracting European manufacturers such as Meyer Burger to North America.

These developments indicate a further shift in the global solar energy market. Europe faces major challenges that must be overcome in order to save the solar industry and remain competitive.