Posted 4/3/2024, 12:43:02 PM
Chinese Solar Panel Glut Drives Prices So Low, Panels Used as Garden Fences in Europe
- Chinese solar panel manufacturers are flooding the global market, causing a glut and dramatically lowering prices
- Solar panels have become so cheap that some people in Europe are using them as garden fences instead of roof installations
- The oversupply of Chinese solar panels is projected to triple global supply compared to demand by the end of 2023
- US Treasury Secretary Janet Yellen plans to discuss the overcapacity issue with Chinese officials during her trip to China this week
- Even Chinese solar manufacturers are impacted, with the world's largest seller Longi Green recently laying off thousands of workers due to oversupply and low prices