Lights out for French photo voltaic panel maker
by AFP Workers Writers
Lyon (AFP) Jan 24, 2025
One among 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, will probably be closed after no purchaser emerged.
EDF Renewables mentioned Friday that it had explored all choices to save lots of Photowatt, which has been shedding between 20 and 30 million euros ({dollars}) per yr.
However after failing to succeed in a cope with a purchaser “the choice chosen by administration was to shut the corporate,” an EDF Renewables spokesman instructed AFP.
Primarily based outdoors the jap 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 yr to help the few remaining home producers of photo voltaic panels, noting that the bloc imported the majority of its wants, with 97 % of imports coming from China.
It famous solar energy is the quickest rising renewable power sector within the EU and will probably be key for the bloc reaching its 2030 goal of renewables accounting for 42.5 % of power manufacturing.
Information launched Thursday by local weather suppose tank Ember confirmed that renewables accounted for 47 % of the EU’s electrical energy manufacturing final yr, led by solar energy.
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