Saturday, June 1, 2013

Time to Flee Solar?

In what will without question be a crushing blow to the solar industry, the European Union is ready to punish Chinese solar imports with a huge tariff imposed on them of an average of 47 percent, for the majority of photovoltaic panels. Most people are scratching their heads over this, as it'll harm the largest solar farms in the EU, and only benefit a small group of solar manufacturers. Many feel if the June 6 deadline is adhered to, it will crush the solar industry, and not only in China.

This is the result of the Chinese dominating a market once controlled by European companies. Fast growth by Chinese manufacturers has resulted in a glut, which has shrunk margins, pushing a number of companies into bankruptcy.

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1 comment:

Mitus Mita said...

This article is mind blowing. When I read this article, I enjoyed.

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