Europe --The world now has the capacity to make 1,600 GW of solar panels annually, but demand has unexpectedly flat-lined, staying at barely 500 GW. In a world awash with solar panels that no one needs, prices have fallen dramatically, but that hasn’t solved the glut which is so bad, people are using solar panels for fencing in Europe. ⁽¹⁾

Europe’s solar manufacturers are in a crisis.

Forty-year-old German solar panel producers are closing factories they only opened three years ago. ⁽¹⁾