Chinese-manufactured solar photovoltaic (PV) panels are piling up in European warehouses, with approximately 40 GW of capacity currently in storage – the same amount installed across the whole continent in 2022, according to new research from Rystad Energy.
In addition to exports to Asia, it is noteworthy that the United States of America stands out as the largest single Extra-European importer of European PV hardware. Table 3. The imported and exported value [€, millions] and the share [%] of PV modules and cells into Europe from third countries.
By contrast, the EU export value of wind turbines (€2.8 billion) was much higher than the corresponding value for imports. The EU import value of solar panels decreased by 43% between 2023 and 2024 (see Figure 2), due to a drop in prices, even though the quantity imported slightly increased by +2%.
This indicates that the EU and Europe are well represented in terms of PV deployment, but the same cannot be said for the manufacturing of the necessary hardware.
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Chinese-manufactured solar photovoltaic (PV) panels are piling up in European warehouses, with approximately 40 gigawatts-direct current* (GWdc) of capacity currently in …
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