Posted on May 17, 2023
China dominates the solar power industry. The EU wants to change that
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Posted 12 mo ago
Responses: 1
PO1 William "Chip" Nagel
...""Our industry requires massive scale in order to become super competitive against Asian rivals and in particular Chinese companies," says Erfurt. "So I believe it could be a double strike if the EU would also put packages together for temporary state aid, helping to put fertilizer in the industry to help it growing."
But Erfurt says the biggest challenge is time. He says it's taking the EU parliament too long to pass a bill that would generate clean tech investment. That's part of the reason that Meyer Burger has decided to build its next big solar panel plant not in the EU, but in Arizona, to take advantage of tax credits in the U.S. Inflation Reduction Act.
Back on the solar panel assembly line in Chemnitz, Heckert Solar's Uwe Krautwurst is also hoping that both the EU and Germany act fast on helping resurrect his country's solar industry. He says an ongoing Chinese monopoly of the world's solar panels is dangerous. "One danger is that you have no industry here and no further research and no further developments here in the European Union," he says.
And that, he says, would be a sad ending for a country that helped spur growth in the solar power industry in the first place."
...""Our industry requires massive scale in order to become super competitive against Asian rivals and in particular Chinese companies," says Erfurt. "So I believe it could be a double strike if the EU would also put packages together for temporary state aid, helping to put fertilizer in the industry to help it growing."
But Erfurt says the biggest challenge is time. He says it's taking the EU parliament too long to pass a bill that would generate clean tech investment. That's part of the reason that Meyer Burger has decided to build its next big solar panel plant not in the EU, but in Arizona, to take advantage of tax credits in the U.S. Inflation Reduction Act.
Back on the solar panel assembly line in Chemnitz, Heckert Solar's Uwe Krautwurst is also hoping that both the EU and Germany act fast on helping resurrect his country's solar industry. He says an ongoing Chinese monopoly of the world's solar panels is dangerous. "One danger is that you have no industry here and no further research and no further developments here in the European Union," he says.
And that, he says, would be a sad ending for a country that helped spur growth in the solar power industry in the first place."
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