EU rejects solar panel import measures from China

Green Forum
European solar manufacturers, facing challenges to profitability, have accused China of unfair trade practices. SolarPower Europe advocates for urgent support to bolster the domestic industry. In an address to the European Parliament, European Commissioner for Financial Stability, Financial Services, and the Capital Markets Union, Mairead McGuinness, acknowledged a significant surge in imports that has led to a more than 40% reduction in the prices of photovoltaic equipment. 

The European Commission engaging on the solar manufacturing crisis in the European Parliament is an important step. We continue to encourage and contribute to this dialogue at the highest political level. Time is running out to save European solar PV manufacturers. While we acknowledge the Commissioner's comments on the role of the Net-Zero Industry Act and the EU Solar Strategy, as well as other existing tools, we are compelled to stress that further urgent action is still needed to support EU solar manufacturing.  

 European solar manufacturers are in a different landscape compared to May 2022, when the EU Solar Strategy was announced. Manufacturers are going bankrupt. More support, and better access to support, is critically needed”, said Walburga Hemetsberger, CEO of SolarPower Europe.

She also added that it is reassuring to hear that the Commission will carefully weigh the impact of any potential trade defence measures against Europe's energy and climate targets. History has shown that trade defence measures did not bring back the reshoring of solar manufacturing and coincided with deep declines in solar deployment. 

„More durable solutions are available. In line with the sector-specific, multi-billion euro plans for wind, chips, and hydrogen, we're calling for a dedicated EU Solar Charter. We are at a make-or-break moment for European solar manufacturing. If Europe doesn't act now, there will be no solar manufacturing left to save. We cannot leave our climate and energy security targets in the hands of others”, said Walburga Hemetsberger.

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Green Forum  |  20 June, 2024 at 8:04 AM