It was the world’s largest producer of solar panels, with several start-ups clustered in the former East Germany, until about a decade ago when China ramped up production and undercut just about everyone on price.
That has caused a flood of Chinese panels to reach Europe at below-market prices, government officials and company executives say, crushing any chance at fair competition.
Last year, more than 97 percent of the solar panels installed on roofs and in fields across Europe were made abroad, the vast majority in China, where cheap energy and government support keep prices low.
Mr. Erfurt’s appeal cited several other German companies involved in solar production that all want the government to help shore up the industry in the face of the fierce competition from China.
“While other countries such as the United States and China are strongly promoting the establishment and scaling up of solar gigafactories, the German government has yet to take concrete action,” the group warned in January.
“Due to a lack of European protection against unfair competition from China, nearly four years of hard work by great employees in Europe is at risk,” the board of Sentis Capital Cell 3 PC, the largest shareholder in Meyer Burger, said in a statement.
The original article contains 1,245 words, the summary contains 207 words. Saved 83%. I’m a bot and I’m open source!
This is the best summary I could come up with:
It was the world’s largest producer of solar panels, with several start-ups clustered in the former East Germany, until about a decade ago when China ramped up production and undercut just about everyone on price.
That has caused a flood of Chinese panels to reach Europe at below-market prices, government officials and company executives say, crushing any chance at fair competition.
Last year, more than 97 percent of the solar panels installed on roofs and in fields across Europe were made abroad, the vast majority in China, where cheap energy and government support keep prices low.
Mr. Erfurt’s appeal cited several other German companies involved in solar production that all want the government to help shore up the industry in the face of the fierce competition from China.
“While other countries such as the United States and China are strongly promoting the establishment and scaling up of solar gigafactories, the German government has yet to take concrete action,” the group warned in January.
“Due to a lack of European protection against unfair competition from China, nearly four years of hard work by great employees in Europe is at risk,” the board of Sentis Capital Cell 3 PC, the largest shareholder in Meyer Burger, said in a statement.
The original article contains 1,245 words, the summary contains 207 words. Saved 83%. I’m a bot and I’m open source!