European solar PV manufacturers struggling with soaring electricity prices have flagged concerns that the continent is falling behind the US and India in terms of policy support for the sector.
LONGi Solar is experiencing soaring demand for its products as the IRA turbocharges the US’ PV sector and is actively working to comply with the country's import restrictions to ensure customer deliveries.
The CEOs of companies such as First Solar, BayWa r.e. and Meyer Burger have written to the European Commission (EC) to call for urgent action to support the redevelopment of European PV manufacturing.
Leading polysilicon manufacturer Tongwei Solar is expecting its revenue for the first nine months of 2022 to soar as a result of strong demand for silicon products and its expanded production capacity.
Around 35GW of PV manufacturing in Europe is at risk of being mothballed as elevated power prices damage the continent’s efforts to build a solar supply chain, research from Rystad Energy suggests.
The government of India has released guidelines on the second round of its Production Linked Incentive (PLI) scheme designed to develop greater domestic PV production and slash the country’s reliance on imports.
