Germany’s Solar Industry May ‘Disappear,’ EON Executive Says
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Germany’s solar manufacturing industry will disappear within five years because of competition from Chinese companies, said Klaus-Dieter Maubach, a member of the management board at EON AG.
A surge in production of solar cells from Chinese companies is driving down the price of panels and making German companies uncompetitive, Maubach said today at the Bloomberg New Energy Finance Summit in New York.