Europe's solar industry faces bankruptcy over Chinese imports

But China's dominance of the solar supply chain means that its products account for around three-quarters of the bloc's solar power imports, prompting fears that the EU is developing a reliance on China akin to its dependence on Russian gas until Moscow's full-scale invasion of Ukraine. The cost of manufacturing a solar module in Europe is more than double the current spot price, SolarPower Europe said. The EU has already sought to limit unfair competition from China by placing tariffs on Chinese imports in 2012, after Beijing ploughed massive subsidies into its solar industry. But the bloc lifted them again…