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  • NEWS Desk Global

WITH SOLAR INDUSTRY IN CRISIS, EUROPE IN A BIND OVER CHINESE IMPORTS




Europe finds itself in a challenging position amid its green energy transition. While there has been a surge in solar energy installations, driven by cheap Chinese solar panel imports, this influx is causing significant challenges for Europe's local solar manufacturers. The dilemma has led to a divide between governments and industry regarding the appropriate response. On one hand, the record installation of solar capacity indicates progress towards green energy goals. However, the heavy reliance on Chinese imports, which can reach as high as 95% in some cases, raises concerns about the sustainability of Europe's solar industry.

Finding a balance between promoting renewable energy adoption and supporting domestic manufacturing is crucial for Europe's green energy transition. Policymakers and industry stakeholders must work together to develop strategies that foster growth in renewable energy while also ensuring the competitiveness and viability of local manufacturing.

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