News agency Reuters reported January 27 that German engineering conglomerate Siemens AG will be using photovoltaic panels made by China’s Suntech Power Holdings Ltd in several solar power projects that Siemens has in Europe. Siemens is building solar power plants with a combined capacity of over 80 megawatts in six European countries, the company has said.
Although Germany is home to several of the world’s top solar panel producers, Chinese manufacturers have been making inroads into German and other European markets due to the cost of their panels.