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Announcement on discontinuation of photovoltaic panel production

Solar Photovoltaic Manufacturing Basics

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Announcement on discontinuation of photovoltaic panel production [PDF]

6 FAQs about [Announcement on discontinuation of photovoltaic panel production]

Will the EU lose half of its solar photovoltaic module manufacturing capacity?

In a letter to European Commission President Ursula von der Leyen, industry group the European Solar Manufacturing Council (ESMC) warned that without rapid help, the EU risked losing more than half of its operational solar photovoltaic module manufacturing capacity within weeks.

Why did the photovoltaic industry fall 70%?

Gongshan Zhu, chair of the Asian Photovoltaic Industry Association, warned new companies against rushing into the sector, saying industry profits had plunged 70% due to overcapacity and falling prices, while exports were curbed by trade barriers imposed by the United States.

Is Panasonic ready to call time on its PV manufacturing operations?

The electronics giant is ready to call time on its PV manufacturing operations. Image: inu-photo/Flickr Panasonic today announced it will exit the solar manufacturing industry within 14 months.

Does Panasonic still sell solar modules?

The company will continue to sell solar modules with its brand, with their manufacture sub-contracted out. The third-party-manufactured products will be sold in Japan after domestic production ceases, Panasonic stated, as is already the case for overseas markets.

Is Panasonic going out of business?

Image: inu-photo/Flickr Panasonic today announced it will exit the solar manufacturing industry within 14 months. The Japanese brand issued a press release outlining plans to shutter its Malaysian factory, liquidate its Panasonic Solar Energy Malaysia subsidiary, and lay off staff, by March next year.

How many solar panels have been cancelled in China in 2023?

Between June 2023 and February 2024, at least eight companies cancelled or suspended more than 59 GW of new production capacity, equivalent to 6.9% of China's total finished panel production capacity in 2023, according to the China Photovoltaic Industry Association (CPIA).

Solar Pro.