Europe is seeking to increase its own solar production and diminish China's current 80% dominance of the global market.
The headline from El Diario 24 describes a new European initiative, Holosolis, aiming to build local solar manufacturing capacity to reduce the continent'
Europe is seeking to increase its own solar production and diminish China's current 80% dominance of the global market.
Context of the Headline :-
"It generates 100 kW at 1,300 feet":
This part of the headline is sensationalized and likely inaccurate. While solar projects do generate electricity, there is no record of a specific project matching these exact specifications in the provided context, and it seems to be an invented detail to draw attention.
Europe tests the end of Chinese solar:-
This refers to the efforts by countries like France to establish their own solar panel manufacturing capabilities through companies like Holosolis.
Holosolis: - A European Initiative
Goal:- To increase Europe's solar manufacturing capacity and achieve supply sovereignty, reducing dependency on China.
Support:-
Created by key players in cleantech and real estate, including EIT InnoEnergy (supported by the European Union) and the French energy producer TSE.
Sustainability:-
The project prioritizes low-carbon and recyclable products within the European solar industry.
China's Dominance and Europe's Response:-
China currently dominates the solar PV market, controlling at least 80% of world production.
Europe is a major global market for solar power deployment but is heavily reliant on Chinese-manufactured solar panels.
Europe's initiative, through Holosolis and other efforts, is a response to this imbalance and a commitment to increasing domestic solar production and energy security.
MJF Lion ER YK Sharma
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