🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

German states push for ban on solar imports with heavy CO2, forced labour footprint

Published 29/09/2023, 19:04
© Reuters. FILE PHOTO: A house in Coburg fitted with solar panels. Picture taken March 5, 2013. REUTERS/Michaela Rehle/File Photo
EUR/USD
-
US500
-
USD/CNY
-

By Riham Alkousaa and Andreas Rinke

BERLIN (Reuters) - Two German regional governments on Friday urged the European Union and Berlin to protect the German solar industry from cheaper imported panels, demanding a ban on imports of modules that do not meet the bloc's climate and labour standards.

European photovoltaic panels make up only a small fraction of Germany's market and manufacturers have been complaining about an influx of Chinese panels offered at prices well below manufacturing costs.

After a meeting with solar industry representatives in Berlin, the governments of Saxony and Saxony-Anhalt published a 10-point plan to "save the solar industry" in Germany.

The states called for public tenders or feed-in tariffs to take into account hidden costs in the recyclability, carbon footprint or manufacturing conditions of imported panels.

An economy ministry document seen by Reuters on Thursday indicated the government was examining options including subsidies and trade instruments to shield German manufacturers from a global fall in prices.

On Friday, the ministry said Chinese panels intended for the U.S. and now being redirected to Europe were creating "enormous price pressures" for European manufacturers, and that trade instruments could be used to combat unfair competition.

More than 1,000 shipments of solar energy components piled up at U.S. ports last year under a law banning imports from China's Xinjiang region over concerns about slave labour.

Marius Mordal Bakke, a solar supply chain analyst at Rystad Energy, said around 40 gigawatts of solar panels were now stocked in European warehouses: "We have way more modules than we can actually install in a lot of these regions."

Prices have fallen from around 0.24 euros per peak Watt at the start of the year to around 0.15 due to Chinese oversupply, while European manufacturers are pricing at 0.30 euros, said Zygimantas Vaiciunas of the European Solar Manufacturing Council.

Germany's solar firms are split between installers opposed to trade barriers and manufacturers who favour at least some, said an industry source involved in the talks who asked not to be identified.

"A mini-group and its uncompetitive business model must not be protected at the expense of a stable, profitable and end-customer-focused large-scale industry, said Boris Radke of the solar installer Enpal.

Gunter Erfurt, chief executive of Swiss photovoltaics maker Meyer Burger, said there were smarter instruments than trade tariffs to shore up European solar companies. Germany could for example require a "resilience segment" of European-made modules to be specified in public tenders.

© Reuters. FILE PHOTO: Technicians sort solar panels on a production line in Dresden, Germany, May 4, 2022. REUTERS/Matthias Rietschel/File Photo

But he said he supported a European ban on a proportion of systems linked to forced labour.

"It is very, very good that there is no blood on the modules," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.