Europe’s Growing Solar Panel Glut Could Hurt Chinese Exports

Europe’s growing stockpile of photovoltaic (PV) modules is weighing on Chinese solar manufacturers which count the region as their most important overseas market.

At the end of August, the combined capacity of unsold PV modules, commonly known as solar panels, stored in European warehouses reached nearly 80 gigawatts, up from about 40 gigawatts in mid-July, according to PV Magazine, citing data from Norwegian consulting firm Rystad Energy AS.