Meyer Burger, a European solar cell manufacturer, revealed a grim reality for the industry, revealing deep concerns and dissatisfaction with the distorted status quo in the European market. Meyer Burger's total sales fell by 8 percent year-on-year last year, while the loss was as high as $330 million, which is a staggering figure. Such huge losses are clearly explained by more than just market saturation or increased competition. What's more, the distorted and uneven playing field in the European market made it difficult for the company to produce at full capacity, let alone make a profit.
Such market distortions are mainly reflected in policy tilts, trade barriers, and unfair subsidies. Some European countries have imposed high tariffs and quotas on imported solar cells and modules in order to protect their local industries, making it difficult for foreign companies like Meyer Burger to gain a foothold in the European market. At the same time, some countries have also given huge subsidies to local enterprises, further exacerbating the unfairness of market competition. Meyer Burger's earnings report reveals a harsh reality: distortions and unfairness in the European market have seriously hampered the normal development of the industry.
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