China solar panel glut squeezes European suppliers as prices plunge

With plants closing, EU industry groups warn of bankruptcy risk without support

20240531N France solar

A solar farm in Cestas, France. The overcapacity of solar panel production has been a particular problem for European manufacturers. © Reuters

MAO KAWANO, Nikkei staff writer

TOKYO -- Solar panel prices have dropped by half over the past year amid a flood of supply from China that has led European manufacturers to shut down factories and seek support from policymakers.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.