{"id":300092,"date":"2024-02-06T13:19:15","date_gmt":"2024-02-06T12:19:15","guid":{"rendered":"https:\/\/climatescience.press\/?p=300092"},"modified":"2024-02-06T13:19:18","modified_gmt":"2024-02-06T12:19:18","slug":"eu-mulls-emergency-aid-for-collapsing-solar-producers","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=300092","title":{"rendered":"EU mulls emergency aid for collapsing solar producers"},"content":{"rendered":"\n
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The European Commission will make a statement Monday as state-backed Chinese competition fuels a wave of bankruptcies in Europe.<\/em><\/strong><\/p>\n\n\n\n

BRUSSELS \u2014 The European Commission is in early-stage talks on emergency measures to buoy drowning EU solar manufacturers who say Chinese subsidies are suffocating the industry, according to two people familiar with the matter.<\/p>\n\n\n\n

On Monday, the Commission\u00a0will make a statement<\/a>\u00a0on the teetering sector at the European Parliament in Strasbourg, while MEPs are also expected to debate ideas to prop up the industry. Politico<\/a> has the story.<\/p>\n\n\n\n

Possible options could include direct support or trade defense measures, according to the people, who were granted anonymity to speak candidly. The Commission, the EU’s executive, did not confirm whether it was considering a bailout or trade defense measures.<\/p>\n\n\n\n

The talks come as the European Solar Manufacturing Council (ESMC), the body representing photovoltaic producers, this week sent a letter<\/a> to Brussels appealing for “urgent” measures including a swift, EU-led buyout of their inventories.<\/p>\n\n\n\n

The group argues that subsidized Chinese mass production of solar modules \u2014 which currently sell for half the price of their EU equivalents \u2014 paired with an oversupply of panels in the bloc makes it impossible for the bloc’s manufacturers to shift their stocks.<\/p>\n\n\n\n

“We’re really seeing a wave of bankruptcies” in Europe, said ESMC Secretary General Johan Lindahl, citing recent insolvencies including Dutch panel producer Exasun and Austrian module manufacturer Energetic. Germany is also currently in 11th-hour talks<\/a> with Meyer Burger<\/a> after the Swiss solar firm said it would halt production of modules in the country as early as April.<\/p>\n\n\n\n

“Everything points to the fact that Chinese manufacturers are selling below their production cost,” Lindahl said, and now the result is “very, very worrying … We’re about to lose the industry in Europe.”<\/p>\n\n\n\n

Read the full story<\/em><\/strong> here<\/a>.<\/em><\/strong><\/p>\n\n\n\n

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Europe’s solar panel manufacturers ask EU for emergency support<\/em><\/strong><\/p>\n\n\n\n

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BRUSSELS, Jan 30 (Reuters) – Europe’s solar panel manufacturing industry has urged the European Union to step in with emergency measures to avoid local firms shutting down under price pressure from Chinese imports, a letter seen by Reuters showed.<\/p>\n\n\n\n

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. Reuters<\/a> has the story.<\/p>\n\n\n\n

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

“Over the next 4\u20138 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.<\/p>\n\n\n\n

ESMC asked the EU to launch emergency measures including a scheme to buy up excess inventories of EU solar modules to ease the oversupply, and change state aid rules to boost government support for local solar producers.<\/p>\n\n\n\n

If those measures cannot be done rapidly, the EU should also consider “safeguard” measures that could include tariffs and quotas to counter a surge of imports, the letter said.<\/p>\n\n\n\n

Read the full here<\/a>.<\/em><\/strong><\/p>\n\n\n\n

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

The European Commission is in early-stage talks on emergency measures to buoy drowning EU solar manufacturers who say Chinese subsidies are suffocating the industry, according to two people familiar with the matter.<\/p>\n","protected":false},"author":121246920,"featured_media":300100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"The European Commission is in early-stage talks on emergency measures to buoy drowning EU solar manufacturers who say Chinese subsidies are suffocating the industry, according to two people familiar with the matter.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"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":[691826761,691819303,691819678,691826759,691826760],"class_list":{"0":"post-300092","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-chinese-mass-production","9":"tag-european-commission","10":"tag-european-parliament","11":"tag-solar-producers","12":"tag-the-european-commission-will-make-a-statement-monday-as-state-backed-chinese-competition-fuels-a-wave-of-bankruptcies-in-europe","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/0K79982_web.jpg?fit=1496%2C898&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1g4c","jetpack-related-posts":[{"id":278487,"url":"https:\/\/climatescience.press\/?p=278487","url_meta":{"origin":300092,"position":0},"title":"Europe\u2019s solar industry warns of bankruptcy risk as prices\u00a0drop","author":"uwe.roland.gross","date":"12\/09\/2023","format":false,"excerpt":"So much for cheap solar power then!","rel":"","context":"In \"Chinese suppliers\"","block_context":{"text":"Chinese suppliers","link":"https:\/\/climatescience.press\/?tag=chinese-suppliers"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":305703,"url":"https:\/\/climatescience.press\/?p=305703","url_meta":{"origin":300092,"position":1},"title":"Don\u2019t Let the Sun Go Down on\u00a0EU","author":"uwe.roland.gross","date":"04\/03\/2024","format":false,"excerpt":"EU solar firms are worried about an imminent collapse of their industry. 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