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

July 26, 2023

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

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