FT: Can the solar industry keep the lights on?

Solarwatt, founded in Dresden in the 1990s, symbolizes Europe's renewable energy efforts. In 2021, it opened a new plant in Dresden, challenging Chinese market dominance. However, a global supply glut is forcing it to shift production to China. This crisis affects manufacturers worldwide, but it has led to a surge in solar panel installations. The dilemma for governments is balancing renewable deployment, local manufacturing, and energy affordability.

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By Rachel Millard and Amanda Chu

Global supply glut of panels is hurting producers but also helping installations

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