Hoarding

The reason why Europe is hoarding photovoltaic panels

The solar panel oversupply in Europe is attributed to the desire to meet renewable energy targets, Chinese manufacturers undercutting competition on price, and challenges in European solar supply chain development. . Chinese-manufactured solar photovoltaic (PV) panels are piling up in European warehouses, with approximately 40 gigawatts-direct current* (GWdc) of capacity currently in storage – the same amount installed across the continent in 2022. These solar panels in storage are worth about €7 billion and. . The ballooning hoard of uninstalled solar panels is due in part to booming imports.