the European Solar Manufacturing Company
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Safer grids, higher bills? EU's Chinese solar inverter ban reshapes renewable energy
Brussels moves to ban EU funding for clean energy projects that use solar and battery inverters from “high-risk countries”, namely China. Now, manufacturers must rely on European alternatives, which risks increasing European energy bills and production costs. Solar systems generate 13.4 percent of EU electricity and are a cornerstone of the European energy grid.
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Brussels is considering limiting manufacturing supply chains. Instead of buying cheap, 100% Chinese components, European companies would be forced to source them from at least 3 different countries. China is the primary global supplier of parts and components to Europe.
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China’s Economy Is Taking Everyone Down
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Chinese EVs may hit U.S. within a few years, one way or another
Chinese electric vehicles face crippling tariffs, stringent regulations and fierce opposition from lawmakers and the American auto industry, but there's a growing possibility that Chinese EVs will be sold in the U.S. within the next few years. China has deliberately and aggressively expanded its EV footprint throughout Europe, the U.K., Asia and Australia, exporting millions of well designed, high-tech, and competitively priced vehicles, building factories and widening supply chains. Now,...
Hundreds of thousands of EU jobs at risk, Commission to warn
BRUSSELS — EU countries risk mass job losses in the coming years as high energy costs, industrial restructuring and the green transition weigh on the economy, the European Commission is set to warn. The figures, seen by POLITICO, will appear in the European Semester Spring Package, which sets out the Commission’s economic and policy recommendations for EU countries and is due to be presented Wednesday. They underscore growing concern in Brussels about the scale of the economic challenges...