Renewable energy companies face severe financial difficulties due to supply chain issues, decreased demand, and challenges in manufacturing, leading to significant drops in stock prices.
Stocks of both solar and wind energy companies are falling due to high supply chain costs, project delays, and weakening demand, according to several renewable energy companies. Despite a strong push from governments and international organisations for companies and consumers to support a global green transition, energy companies have been struggling to make a profit from solar and wind energy projects in the face of several challenges.
Despite industry leaders highlighting the challenges facing regional manufacturing, Spain’s acting Energy Minister Teresa Ribera did not rule out imposing tariffs on imports of materials used in solar power generation. At present, the EU relies on China for 90 percent of its ingots and wafers for solar panels.
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