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Search resuls for: "China Photovoltaic Industry Association"


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China has made a lot of solar panels, dramatically lowering prices and helping the country's clean-energy transition. The problem is that Chinese manufacturers seem to have made too many solar panels, according to the US, the European Union, and their allies. China's facing its own overproduction problem at home following a breakneck pace of growth in solar energy — one key pillar of the country's "new three" economic drivers. Germany's energy prices are under pressure from too much solar energyIt's not just China getting hit by an excess of solar energy. Germany, too, has been producing so much solar energy that energy prices have fallen into negative territory when output peaks.
Persons: They're, Joe Biden, David Fishman Organizations: Service, European Union, Business, Reuters, Bloomberg, West, Longi Green Energy Technology, China Photovoltaic Industry Association, Lantau Group Locations: China, Beijing, overcapacity, Germany, that's
Nov 11 (Reuters) - More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law banning imports from China's Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources. The agency would not reveal the manufacturers or confirm details about the quantity of solar equipment in the shipments, citing federal law that protects confidential trade secrets. But the companies have halted new shipments to the United States over concerns additional cargoes will also be detained, the industry sources said. The sources asked not to be named because they were not authorized to speak publicly on the matter. CBP has previously said that it had detained about 1,700 shipments worth $516.3 million under UFLPA through September but has never before detailed how many of those shipments contained solar equipment.
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