According to Euronews, the European Union is moving towards banning Chinese-manufactured power inverters from projects receiving EU funding. The proposed policy, driven by cybersecurity fears, has prompted concern from market participants regarding supply chain stability. Investors and industry representatives warn that European manufacturers are not yet equipped to meet the bloc's demand, creating potential hurdles for the transition.
The report notes that the reliance on Chinese suppliers remains significant, and current domestic supply is unable to facilitate a rapid replacement. As the EU pushes ahead with these security-focused restrictions, observers highlight the practical difficulties of decoupling from existing global supply networks without established alternatives ready to scale.
Source: Euronews. Read the original report ↗