Europe’s solar industry warns of bankruptcy risk as prices drop

Europe’s solar power industry warned on Monday of a „precarious” situation for European solar photovoltaic (PV) manufacturers as solar PV prices reached record lows.

Industry trade group SolarPower Europe said in a letter sent to the European Commission that European companies risk bankruptcies, which they said would hurt the EU’s goal of reshoring 30 GW of the solar PV supply chain.

Prices of PV modules have dropped by more than a quarter since the beginning of the year, according to SolarPower.