Sep 20, 2022 07:45 PM

BUSINESS

European Demand for Chinese Solar Panels Soars as Russia Withholds Natural Gas

Solar panels are assembled at a factory in Hefei, Anhui province, on June 29. Photo: VCG

Solar panels are assembled at a factory in Hefei, Anhui province, on June 29. Photo: VCG

Chinese exports of solar panels to Europe have surged this year as countries hunt for alternative energy sources to fill the gap left by Russian natural gas.

In the first seven months of 2022, China shipped photovoltaic (PV) modules with a combined capacity of 51.5 gigawatts to Europe, 25.9% more than the whole of last year, according to data compiled by Infolink Consulting LLC, an energy industry consultancy.

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