The Dresden-based company Solarwatt plans to stop the production of solar modules at the end of August for the time being. "The aggressive cut-throat competition in the solar industry leaves us with no other choice," said Managing Director Detlef Neuhaus on Monday in Dresden. However, the 30 years of experience in the development and optimization of photovoltaic hardware will be retained at the Dresden site. "Just like our PV laboratory, which subjects all modules to the toughest quality tests." If market conditions should improve again, production could be ramped up again quickly.
Solarwatt employs 750 people across Europe, 650 of them in Germany. Around 190 employees are affected by the suspension of German production.
Companies in Germany have been complaining about competition from cheap modules from China for some time. Meyer Burger, for example, sealed the final end to its site in Freiberg, Saxony, at the end of March. Around 500 employees were given their notice.
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