Chinese Solar Eyes US Market After EU Agreement
European trade commissioner Karel De Gucht described the agreement, setting the panel price at €0.56 ($0.74) per watt as “an amicable solution.” The settlement still needs European Commission approval, CNN reports.
The deal angered European solar panel makers. Meanwhile in China, industry consolidation is likely to continue as predicted, with the makers of the cheapest panels falling by the wayside while big companies like Trina benefit, the New York Times reports.
The agreement will also limit Chinese solar panel sales in Europe, forcing the manufacturers to push harder for sales in the US, Japan and at home, Reuters says. IHS analyst Glenn Gu said shipments of Chinese panels to the US could reach 2 GW this year.
Tamar Wilner is Senior Editor at Environmental Leader PRO.
Energy Manager News
- 18 Organizations Recognized for Cutting Parking Facility Energy Use
- ASHRAE Updates Lighting and Controls Guidelines
- RI Town Begins $620,000 Energy Efficiency Upgrades
- Don’t Write Off Energy Efficiency. It’s Just about to Have Its Day.
- Businesses Offered ‘Instant Rebates’ from Utility
- Rocky Mountain Institute Provides Energy Retrofit Course
- DOE Awards $600,000 for Building Energy Efficiency Projects
- 3Degrees Helps Companies Procure Renewables