Several Advantages To Investing In European Solar

There are several advantages to investing in European solar

In early July, the European Parliament's Industrial Research and Energy committee adopted a report on "Maximizing the energy efficiency of Buildings," which supports the large-scale promotion of solar energy, and the European Parliament plans to vote on it in September.Solar energy will also play a key role in Europe's energy transition and economic recovery as the EU adopts the largest post-epidemic recovery plan in history.Chinese companies are poised for new opportunities as the world's leading solar energy players.

First, the European Commission announced in September 2018 that it was ending a five-year ban on Chinese solar panels.The move is seen as a move by the EU and China to further strengthen economic and trade cooperation in the face of rising protectionism in the US.After the lifting of the restrictions, if Chinese imports do not fall below the "minimum price standard", they will enjoy zero-tariff treatment in the EU market.Once the price falls below this "floor", it is subject to duties of up to 64.9 per cent.Chen Riqing, a Hamburg trader, told the Global Times that Chinese companies must abide by the EU's rules or risk being caught again by Their European competitors and that the EU would once again impose anti-dumping duties on Them.

Secondly, solar power generation system with battery storage system is the future direction.Christian's family, who live in rural Lower Saxony, recently bought a solar system for their home for 20,000 euros.The system consists of solar panels and smart batteries, and smart software that monitors the production, consumption and storage of electricity and tracks the grid's supply in real time.Christian told the Global Times that the device is "made in China" and is expected to pay for itself in eight to 10 years, after which his family's electricity will be free.Florian Dickman believes that solar panels and battery equipment are China's advantages.The price advantage would be even greater if Chinese companies could come together to provide the combined equipment.

Now, however, competition for such combinatorial devices is fierce.In addition, companies from all over the world are playing the price/performance card.Under such circumstances,promote the development of industrial chain to a higher end, further study the latest European solar energy policies, and develop products more suitable for European policies and local climate conditions.Florian Diekmann added that Chinese companies needed to expand production or assembly in Europe and work with European affiliates to "localise" more of their products if they were to capture the European market.