The worldwide solar market is facing tough times, as companies in Europe and America struggle against significant obstacles. The arrival of inexpensive Chinese solar panels has disrupted the industry, causing a stir and leading to urgent calls for governmental help in both regions.
The European Dilemma: A Fight for Survival
The European Solar Manufacturing Council (ESMC) has raised the red flag, warning about the serious risk from increasing numbers of Chinese solar panel imports. The Council is asking for emergency action, as European companies are in trouble. Chinese supply has pushed prices down so much that European producers are piling up unsold panels and cutting back on production.
Immediate Actions Proposed by the ESMC
- *EU Inventory Buyout*: A proposal for an EU-wide initiative to purchase excess solar PV inventories, aiming to relieve the immediate pressure on European manufacturers.
- *Support for Local Producers*: A…
