Chinese-manufactured solar photovoltaic (PV) panels are piling up in European warehouses, with approximately 40 gigawatts-direct current* (GWdc) of capacity currently in storage – the same amount installed across the continent in 2022. These solar panels in storage are worth about €7 billion and could generate enough electricity to power 20 million homes per year.
The build-up is only set to grow this year, with Rystad Energy forecasting 100 GWdc of solar capacity in storage by the end of 2023. Europe’s spending on solar imports…European Warehouses Are Overflowing With Chinese Solar Panels
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