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What will be the impact of the outbreak of the European power crisis?
Sep 13 , 2022

Recently, electricity prices in Europe have continued to increase, especially in France and Germany. Among them, the base load electricity price delivered by France next year will reach 1130 euros / megawatt hour, breaking the 1000 euros mark for the first time in history, an increase of more than 1000% over the same period last year;

 

Medvedev, vice chairman of the Security Council of the Russian Federation, raised his forecast for the price of natural gas. Now he believes that the price can rise to 5000 euros per thousand cubic meters by the end of this year. Gasoline and diesel stocks in the northeast of the United States are still close to the lowest level in history, and the arrival of the end of the year may cause prices to continue to increase significantly. The more intense the energy crisis in Europe is, the more severe the power crisis in Germany and France is, and the electricity price keeps breaking historical records. The rare high temperature and dry weather make the river water in various places too hot to be used to cool the reactors of nuclear power plants, which has impacted the nuclear power supply in Europe.

 

The shortage of various energy sources will increase the demand for electric energy. Photovoltaic energy is a clean and green energy, which is transformed into the power energy required for life and production by making full use of solar energy. We will soon enter the peak production season in October. We encourage more European customers to photovoltaic panels installation earlier. Before the increasingly short energy supply season, photovoltaic systems will be established to reduce product costs and transportation costs.

 

Kinsend has many stable and cooperative customers in Europe. We regularly participate in European energy exhibitions and have participated in energy exhibitions in Spain, the Netherlands and Germany. According to relevant reports, the European Commission has issued the repowereu plan, which mainly includes measures such as diversifying the import of natural gas, accelerating the replacement of clean energy, installing more roof top photovoltaic and energy storage, so as to accelerate the transformation of clean energy and improve the energy independence of the EU. The EU's renewable energy target by 2030 is expected to rise to 45%. Europe imported 16.7gw photovoltaic modules from China in the first quarter of 2022, an increase of 145% year-on-year.

 

Kinsend focuses on the design and production of photovoltaic support systems. The main products popular in Europe are solar tile roof system, solar panel concrete foundation system and ground support system. Kinsend specializes in aluminum bracket photovoltaic installation system. The overall load of the system is light, which can be installed quickly, has high corrosion resistance, and provides a 10-year warranty period. Kinsend is looking forward to working with more European customers to make China's high-quality products bring more perfect changes to your energy supply.

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