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“Relocation or bankruptcy”: Europe tries to save its solar industry threatened with extinction

2024-02-05T18:50:39.867Z

Highlights: Meyer Burger, a Swiss manufacturer of solar panels, threatened to close its production site in Freiberg, Germany, by April. 500 jobs at stake. The final decision on the closure of the plant is expected to be made by the end of February. There is an uproar in Berlin, where discussions are being held with the Ministry of the Economy to try to avoid this, as well as in Brussels, where the Commission is looking, a little late, at the fate of the industry.


DECRYPTION - Several producers announce closures, drowned out by massive Chinese competition.


An electroshock?

In mid-January, Meyer Burger, a Swiss manufacturer of solar panels, threatened to close its production site in Freiberg, Germany, one of the largest in Europe, opened only three years ago, by April. 500 jobs at stake.

The deterioration of the market environment in Europe makes the pursuit of large-scale solar production immediately unsustainable

,” the company justified.

Instead, it intends to develop its activity in the United States, thanks to “

support of industrial policies

”, in particular the generous subsidies and tax credits of the IRA law (Inflation Reduction Act), implemented by Joe Biden there is a year and a half old.

The final decision on the closure of the Freiberg plant is expected to be made by the end of February.

Also read: Parking lots, highways, public buildings... France soon to be covered with solar panels made in China?

There is an uproar in Berlin, where discussions are being held with the Ministry of the Economy to try to avoid this, as well as in Brussels, where the Commission is looking, a little late, at the fate of the industry …

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Source: lefigaro

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