HIGH ENERGY PRICES JEOPARDISE GLOBAL SOLAR, BATTERY INDUSTRIES
POST-COVID CHINESE SUPPLY DISRUPTIONS CONSTRAINT INDIAN UNITS
2022-10-06 16:20
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Record breaking energy prices in Europe are threatening the global solar and battery industry, with manufacturing capacity facing a serious risk. The energy intensive nature of these manufacturing processes is leading some operators to temporarily close or abandon production facilities as the cost of doing business escalates. Unless prices turn around soon, Europe’s plans to cut dependence on imported fossil fuels by boosting installed renewable generation capacity and electric vehicle (EV) usage could be derailed.