EU rebuffs solar pleas as sector goes broke, document shows

By Victor Jack | 03/29/2024 11:49 AM EDT

But Brussels does plan to boost long-term funding for solar firms, a document seen by POLITICO shows.

This picture taken on July 6, 2023 shows Picon I Solar PV Park, a 50MW solar photovoltaic power project owned and developed by the Spanish company Naturgy in Porzuna, Castile-La Mancha region.

Brussels wants to bring 30 gigawatts of solar production back to the bloc by 2030. Oscar Del Pozo/AFP via Getty Images

BRUSSELS — Goodbye and goodnight.

That’s the European Union’s veiled message to its dying solar manufacturers in a draft declaration seen by POLITICO.

Chinese mass manufacturing has brought Europe’s solar makers to their knees and had prompted them to turn to Brussels for help. But while the European Commission, the EU’s executive, is set to back increased EU funding for the solar sector and consider relaxing some state aid rules, it won’t commit to the urgent support measures industry leaders want, according to the upcoming “European Solar Charter.”


The approach will inevitably disappoint manufacturers who have already begun laying off hundreds of workers, even as it tries to craft a long-term plan to revive the industry.