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Beyond Business

Can Europe keep its solar power industry alive?

It may have been billed as an energy source for the future, but hopes that solar power would become a money-spinner and a stable source of growth have taken a hit. Several European solar panel makers have gone under in recent years.

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Here in France, the industry has shed thousands of jobs. The sector is under pressure as cash-strapped European governments are reducing subsidies. There are also accusations that China is competing unfairly by supporting its own panel manufacturers.

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