Are Chinese-manufactured solar panels putting up in European warehouses?

Chinese-manufactured solar photovoltaic (PV) panels are piling up in European warehouses, with Rystad Energy forecasting 100 GWdc of solar capacity in storage by the end of 2023.

Which countries import the most solar panels from China?

Spain, Germany and France also imported more panels from China than they installed from any source. Greece has a similar profile to the Netherlands but on a smaller scale, with the country installing the equivalent of only 15% of the capacity imported from China.

What role does China play in Europe's energy transition?

He noted that China, as the world's largest solar application market, plays a vital role in Europe's energy transition not only by supplying quality products but also through local production and technology partnerships, fostering strong Europe-China industrial ties.

How much solar capacity will Europe have in 2023?

The build-up is only set to grow this year, with Rystad Energy forecasting 100 GWdc of solar capacity in storage by the end of 2023. Europe’s spending on solar imports has almost quadrupled in the last five years, surging from €5.5 billion in 2018 to more than €20 billion last year, while the supply source has become increasingly concentrated.

How strong is China's commitment to Europe?

"The commitment of China to Europe is actually pretty strong at the moment, really providing the necessary models that we have to actually increase installation," said Christophe Lits, senior market analyst at SolarPower Europe, in an interview with Xinhua.

When will European Solar supply chain leaders buy European solar panels?

Although efforts are underway to build a reliable solar supply chain in Europe, the need for panels now means leaders cannot wait until 2025 or later to buy European. Marius Mordal Bakke, senior supply chain analyst, Rystad Energy