EU solar industry warns Chinese imports may cause bankruptcies

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EUROPE’s solar power industry has warned that a glut of Chinese imports has pushed some manufacturers to the brink of bankruptcy, reports London’s Financial Times. Industry lobby SolarPower Europe wrote to the European Commission that soaring stockpiles and ‘fierce competition’ among Chinese manufacturers to gain market share in Europe had pushed down the prices of solar modules by more than 25 per cent since the beginning of the year. ‘This is creating concrete risks for companies to go into...

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