{"id":278487,"date":"2023-09-12T19:04:25","date_gmt":"2023-09-12T17:04:25","guid":{"rendered":"https:\/\/climatescience.press\/?p=278487"},"modified":"2023-09-12T19:04:28","modified_gmt":"2023-09-12T17:04:28","slug":"europes-solar-industry-warns-of-bankruptcy-risk-as-prices-drop","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=278487","title":{"rendered":"Europe\u2019s solar industry warns of bankruptcy risk as prices\u00a0drop"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

h\/t idau<\/p>\n\n\n\n

So much for cheap solar power then!<\/mark><\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

BRUSSELS (Reuters) \u2013 Europe\u2019s solar power industry warned on Monday of a “precarious” situation for European solar photovoltaic (PV) manufacturers as solar PV prices reached record lows.<\/em><\/p>\n\n\n\n

Industry trade group SolarPower Europe said in a letter sent to the European Commission that European companies risk bankruptcies, which they said would hurt the EU\u2019s goal of reshoring 30 GW of the solar PV supply chain.<\/em><\/p>\n\n\n\n

Prices of PV modules have dropped by more than a quarter since the beginning of the year, according to SolarPower.<\/em><\/p>\n\n\n\n

\u201cThis is creating concrete risks for companies to go into insolvency as their significant stock will need to be devalued,” SolarPower Europe said.<\/em><\/p>\n\n\n\n

Strong demand, combined with large investments and fierce competition among Chinese suppliers led to overcapacities in the market and a price fall.<\/em><\/p>\n\n\n\n

The industry calls on the European Commission to buy up European companies\u2019 solar module stockpiles, to set up a Solar Manufacturing Bank at EU level and to boost demand for solar PV in Europe among others.<\/em><\/p>\n\n\n\n

https:\/\/www.msn.com\/en-gb\/money\/other\/europes-solar-industry-warns-of-bankruptcy-risk-as-prices-drop\/ar-AA1gz7yu<\/a><\/p>\n\n\n\n

\"\"
FILE PHOTO: European flags fly outside the European Commission headquarters in Brussels,\u00a9\u00a0Thomson Reuters<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

So much for cheap solar power then!<\/p>\n","protected":false},"author":121246920,"featured_media":278492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691822548,691818583,691819303,691819426,691822547],"class_list":["post-278487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-chinese-suppliers","tag-europe","tag-european-commission","tag-solar-industry","tag-solar-photovoltaic-pv","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1arJ","jetpack-related-posts":[{"id":237438,"url":"https:\/\/climatescience.press\/?p=237438","url_meta":{"origin":278487,"position":0},"title":"Elon Musk: Use Spanish Solar Panels to Solve Europe\u2019s Energy Crisis","author":"uwe.roland.gross","date":"01\/03\/2023","format":false,"excerpt":"The biggest problem though, Musk\u2019s idea isn\u2019t original. 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