Lights out for French photo voltaic panel maker
by AFP Workers Writers
Lyon (AFP) Jan 24, 2025
Considered one of France’s final producers of photo voltaic panels — held by a unit of the state-owned EDF electrical energy group that manages the nation’s nuclear energy reactors, might be closed after no purchaser emerged.
EDF Renewables mentioned Friday that it had explored all choices to avoid wasting Photowatt, which has been dropping between 20 and 30 million euros ({dollars}) per 12 months.
However after failing to succeed in a take care of a purchaser “the choice chosen by administration was to shut the corporate,” an EDF Renewables spokesman advised AFP.
Based mostly outdoors the japanese metropolis of Lyon, Photowatt employs 162 individuals.
It was purchased by EDF Renewables out of chapter safety in 2012 after having been weakened by cheaper Chinese language imports.
It will definitely stopped manufacturing of photo voltaic panels in favour of concentrating on producing the silicon wafers used to make photo voltaic panels.
The EU unveiled an initiative final 12 months to help the few remaining home producers of photo voltaic panels, noting that the bloc imported the majority of its wants, with 97 p.c of imports coming from China.
It famous solar energy is the quickest rising renewable power sector within the EU and might be key for the bloc attaining its 2030 goal of renewables accounting for 42.5 p.c of power manufacturing.
Knowledge launched Thursday by local weather suppose tank Ember confirmed that renewables accounted for 47 p.c of the EU’s electrical energy manufacturing final 12 months, led by solar energy.
Associated Hyperlinks
All About Photo voltaic Power at SolarDaily.com
