[Global Times in Germany, Qingmu Global Times reporter Zhao Jue jade] "Europe's coffers are full of Chinese photovoltaic modules." The United States quartz financial network on the 20th, citing the research company Resta energy published research results show that Europe is currently hoarding the cumulative value of China-made solar modules for about 7 billion euros, far more than the current actual demand. In the past five years, Europe's photovoltaic import expenditures almost quadrupled. Some analysts say that the lack of energy security in Europe is trying to build a photovoltaic supply chain, but the urgent demand for many companies can not wait so long.

　　Energy crisis makes Europe "sweeping"

　　According to quartz financial network reports, in February last year after the outbreak of the Russian-Ukrainian conflict, Moscow almost cut off natural gas supplies to Europe, Europe's fragile energy security exposed. Seeking to reduce its dependence on Russian energy, Europe imported a record number of photovoltaic modules last year. It is expected that by the end of 2023, the EU will hoard 100 GW of PV modules. 2023, China's monthly exports of PV modules to Europe are higher than the same period last year, and exports in March even increased by 51% year-on-year. China Photovoltaic Industry Association data show that in the first half of this year, China's total exports of photovoltaic products initially estimated at more than 29 billion U.S. dollars, a year-on-year increase of about 13%. The largest market in Europe accounted for about 50% of the growth rate of more than 40%

　　Analysts at Resta Energy also told Quartz Financial Network that fluctuations in the price of raw materials for solar cells in 2021 and 2022 have also spurred European buyers to increase imports when they are relatively cheap. Chinese PV products are mainly sold to these European countries: the Netherlands, Spain, Germany, Poland and France.

　　Similar views are corroborated by Chinese PV industry players. PV module automated production line manufacturer Jinchen executive vice president Qi Haikun 23rd to the "Global Times" reporter said that the energy crisis brought about by the Russian-Ukrainian conflict made China's photovoltaic module products were once very popular in Europe. With the decline in silicon prices before and after the Spring Festival this year, the price of PV module products fell, the price advantage of Chinese products is more obvious.

　　Chinese enterprises have a huge competitive advantage

　　Since 2022, the European Union Green Deal Industrial Plan and other blueprints for Europe to set up ambitious green energy development goals. German State Secretary Sven Giegold said that the EU has to install 100 gigawatts of wind and solar energy systems every year, which is equivalent to building 17 soccer field areas of photovoltaic power generation, 16 onshore wind turbines and 4 offshore wind turbines every day. German Economy Minister Habeck believes that this will trigger a boom in investment in the sector.

　　However, Europe's green energy dream is difficult to realize by itself. DPA said that in terms of solar industry expansion, the EU's dependence on China exceeds its past dependence on Russian gas. Industry insiders said that in the process of rebuilding the solar energy industry in Europe, the cost and scale advantages of Chinese enterprises are huge. Currently the European solar industry component annual production capacity totaled 8 GW. According to PricewaterhouseCoopers analysis, only China's largest photovoltaic manufacturer JinkoSolar's current annual production of photovoltaic modules reached 45 GW. And in terms of production costs, European companies are about twice as much as Chinese companies.

　　Qi Haikun said that no country is comparable to China's PV industry in terms of industrial environment, market environment, technology research and development and capital investment. The United States is also a huge subsidies to attract overseas enterprises to build capacity.

　　Market game will be more intense

　　Despite being European countries crazy product, but China's photovoltaic industry is not high and dry. According to independent energy think tank Ember, the first half of this year, European solar power generation increased by nearly 11% year-on-year. Qi Haikun predicted that China's photovoltaic products exports to Europe in the second half of the dynamic is likely to change. The current European hoarding of photovoltaic products increased dramatically, it takes a period of time to digest, the future of high export growth may slow down.

　　Currently, the photovoltaic manufacturing end of the international competition is also intensifying. According to the International Energy Agency forecast, by 2027, China's market share in the global PV manufacturing may decline from the current about 90% to 75%. China (Shenzhen) Comprehensive Development Research Institute of New Energy and Low Carbon Development Research Center, deputy director of Wei Furei, Europe and the United States to promote the localization of the PV industry chain needs a buffer period, photovoltaic enterprises should speed up the layout of the overseas industry chain, and actively explore emerging markets outside Europe and the United States.

　　IPG China chief economist Bo Wenxi told reporters that China's photovoltaic industry in Southeast Asia and Africa and other markets have great opportunities. Energy demand in these regions is growing, and government support for renewable energy is gradually increasing. Chinese enterprises can also promote PV industry in countries along the "Belt and Road", including cooperation with local enterprises to build PV projects, provide technical advice and training and other support to help the development of the local PV industry.