Summary
European solar panel manufacturers have faced significant challenges due to a surplus of cheap Chinese panels, leading to factory closures and bankruptcies. However, a renewed focus on ethical sourcing and local procurement, especially in light of potential human rights abuses in China’s Xinjiang region, is prompting European developers to consider domestic suppliers. The EU’s Net Zero Industry Act aims to enhance supply chain resilience and may create a market for domestic products, despite the ongoing dominance of low-cost Chinese panels, which still account for the majority of global production.
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