With solar industry in crisis, Europe in a bind over Chinese imports

News Snapshot:

Europe’s green energy transition is stuck between a rock and a hard place. A flood of cheap Chinese solar panel imports is driving record solar energy installations. But those same imports are crushing Europe’s few local solar manufacturers. Governments and industry are split over how to respond. Europe just had a bumper year for green energy. European Union countries installed record levels of solar capacity, 40 per cent more than in 2022. The vast majority of those panels and parts came from China – in some cases, 95 per cent, International Energy Agency data show. Yet the green energy boom...