It is thought that solar panel manufacturers within the European Union (EU) are experiencing difficulties resulting from China's low-priced volume offensive. Because of this, we requested anti-dumping measures from EU authorities, but this was rejected.
Balkan Green Energy News reported on the sixth (local time) that EU solar energy corporations are having difficulty securing profitability and have criticized China's unfair trade practices.
Based on this, the European Solar Manufacturers Council (ESMC) said that solar panels from overseas are flooding in, and for this reason, panel inventory currently amounts to 85 GW, up from 70 gigawatts (GW). For that reason, Chinese manufacturers claimed they were selling modules at prices below their production costs and called for the establishment of a special fund to support the sale and buy of panels within the region, totaling 800 MW.
Nevertheless, the EU executive said it will not take anti-dumping motion against China.
Myrid McGinnis, EU Commissioner for Financial Stability, Financial Services and Capital Markets, told the European Parliament: “The surge in solar panel imports, which has driven solar equipment prices down by greater than 40%, is a transparent challenge for manufacturers within the EU, but it is usually a transparent challenge for residents and installers. “It is helpful to the corporate,” he said.
He also said, “Anti-dumping measures should only be activated after they profit the EU as an entire.”
In response to this, Walburga Hemesberger, CEO of Solar Power Europe, said, “European solar manufacturers are in a unique environment than when the EU’s solar strategy was announced in May 2022,” adding, “Manufacturers are going bankrupt and more support is required.” “That is desperately needed,” he said.
In truth, last month, it was reported that Meiger Berger, Europe's largest solar panel company, would close its factory in Freiberg, Germany resulting from an overabundance of Chinese solar modules. The corporate blamed the “absence of policies that create equal playing conditions with China” for inciting the incident.
Meanwhile, Italian Prime Minister Giorgia Maloney, who selected the 4th to speculate 90 million euros (about 130 billion won) to expand Europe's largest solar panel factory in Sicily, also said, “We should be competitive within the solar energy field in comparison with major Asian countries. “I do it,” he emphasized.
Reporter Taeyong Kim future@aitimes.com