Europe Needs to Increase Solar Efforts to Compete with Cheap Chinese Panels, Says Meyer Burger
Mar 05,2024 | DAXTROMNSOLAR
Europe must step up its efforts in the solar industry to compete with the cheaper panels produced by China, according to Meyer Burger, a Swiss solar panel manufacturer. The company's CEO, Gunter Erfurt, believes that Europe needs to invest more in solar technology to become a global leader and reduce its dependence on imported panels from China.
According to Meyer Burger, China currently dominates the solar panel market, accounting for around 80% of global production. This has resulted in a steep drop in the prices of solar panels, making it difficult for European manufacturers to compete. Erfurt argues that Europe should focus on developing more efficient solar technologies and invest in research and development to reduce costs and increase competitiveness.
Additionally, Meyer Burger emphasizes the importance of sustainable finance in supporting the growth of the solar industry. The company believes that transparent reporting and consistent regulations are necessary to attract investments in renewable energy.
In my opinion, Meyer Burger's call for Europe to step up its solar efforts is crucial in order to compete with China in the global market. By investing in R&D and improving solar technology, Europe can not only reduce its dependence on imported panels but also promote sustainable energy solutions. It is important for governments, businesses, and investors to support the growth of the solar industry by providing financial incentives and implementing consistent regulations.
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