The solar boom has busted: In the last six months Europe’s solar manufacturing has collapsed by half

[rangerrebew]

The solar boom has busted: In the last six months Europe’s solar manufacturing has collapsed by half…
Solar panel damage

By Jo Nova

Europe’s solar manufacturers are in a crisis
Forty year old German solar panel producers are closing factories they only opened three years ago.

The world now has the capacity to make 1,600 GW of solar panels annually, but demand has unexpectedly flat-lined — staying at barely 500GW. In a world awash with solar panels that no one needs, prices have fallen dramatically, but that hasn’t solved the glut which is so bad, people are using solar panels for fencing in Europe.

The CCP has bet big that the exponential growth curve in solar customers was going to keep being exponential. Instead, demand flattened off suddenly. Currently, 80% of the world’s solar panels are pouring out of China.

With impeccable timing, just weeks ago the Australian Government threw a billion dollars at a program to help Australia become a solar panel superfactory just at the moment when China is practically giving them away.

https://joannenova.com.au/2024/07/the-solar-boom-has-busted-in-the-last-six-months-europes-solar-manufacturing-has-collapsed-by-half/?utm_source=rss&utm_medium=rss&utm_campaign=the-solar-boom-has-busted-in-the-last-six-months-europes-solar-manufacturing-has-collapsed-by-half

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