![]() ![]() Years," said Interfloat board member Kern. So IĬan tell you, it's really a matter of weeks now and no longer of ![]() "We're not talking about new investments, we're talkingĪbout the fact that the companies will all stop operations. Time to wait for protracted policymaking. Products needed for the green transition.īut German companies say that many of them don't have the Manufacturing in Europe and reduce the reliance on China for To export those products due to international competition."īrussels and European governments have been mulling tougherĪction on clean tech imports as they seek to expand "You need to be 100% sure that the products are going to beĪble to be sold within the region because you will not be able S&P Global, said Europe as a whole has to promote a market forĭomestic manufacturers in order to support and grow local Germany and making a profit," Kern added.Įdurne Zoco, Executive Director, Clean Energy Technology at "The problem: under the current conditions, there is noĬhance of producing photovoltaic panels, cells and technology in On Sunday, Sweden's Clean Industry Solutions Holding EuropeĪB said its German subsidiary Industrial Solar GmbH would fileįor insolvency proceedings, citing a "precarious" situation forĮuropean photovoltaic manufacturers due to a record drop in German solar glass manufacturer Interfloat. Problem before then - this market is being structurallyĭestroyed," said Christian Kern, a supervisory board member of Will no longer exist in six months if you don't solve the "The companies that are now being considered (for subsidies) Them to sell below production costs, with potential subsidies Hopefully it can be very soon," Koernig said.īefore the court ruling, Germany's solar companies wereįacing growing price pressure from their Chinese rivals, forcing "I remain confident that there will be a solution here and Incentives to people installing European-made solar systems. The BSW said the budget ruling had also put on hold aĭecision on a subsidy it had proposed to parliament to offer Programmes as the government was still examining the court They could not make any precise statements about individual Government support plans, an economy ministry spokesperson said Late last month, have not been out yet, three firms that appliedĪsked about the court ruling's impact on solar industry Up to five projects should be selected for capitalĮxpenditure subsides but the results, expected to be published So-called expression of interest process to scout for possibleįlagship projects and more than two dozen solar hardware firmsĪpplied for the programme, Koernig added. Gigawatts (GW) in Germany, the economy ministry launched a With the aim of building an annual production capacity of 10 It couldn't have come at a worst time,"Īn industry source of a solar company that applied for the aid "The judgment from the court basically has put everyĬommitment on hold. Transfer of some 60 billion euros of unused debt to the climate Koernig, head of the German solar industry federation (BSW),īut last month's constitutional court ruling, banning the Government through its climate transformation fund, Carsten Programme, half of which was to be provided by the federal Some 2.5 billion euros ($2.7 billion) were envisaged for the ![]() Imported components such as solar cells from China.Īs part of efforts to reduce reliance on China and boostĮconomic growth, Berlin announced in June plans to supportĬompanies that want to establish or expand solar production Industry that was once world-leading but got undercut by cheaperĮurope's biggest economy aims to produce 80% of electricityįrom renewable sources but has become increasingly dependent on Manufacturers, in what could prove to be the death knell for an Threatening planned government support for its domestic solar BERLIN, Dec 7 (Reuters) - Germany's budget crisis is ![]()
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