Europe stockpiles €7B of Chinese solar panels in bid for energy security

By Siôn Geschwindt

When Russia cut off Europe’s gas supply following the invasion of Ukraine, it exposed the vulnerable underbelly of a continent largely reliant on imported energy.  To be fair, the bloc responded pretty quickly by sourcing gas from other countries and stockpiling it for a rainy day. And, it turns out, Europe was also hoarding mountains of another commodity: solar panels.   Some €7bn worth of solar panels — or 40 gigawatts direct current (GWdc) of capacity — are currently gathering dust in European warehouses. That’s enough to power 20 million homes a year.  The stockpile is expected to more than double…

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Source:: The Next Web