Russian gas stop clouds outlook for solar panel supplier

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Russian gas stop clouds outlook for solar panel supplier
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In a glassworks in Tschernitz, a stone's throw from the border with Poland, the roar of the furnaces cannot drown out worried whispers about Russian gas supplies to Germany being cut off.

In a vast factory with a white chimney, automated machines are making hundreds of small glass rectangles under the surveillance of factory employees.

But to make these essential components for a flagship green technology, the industry paradoxically has a significant demand for gas.Cheap gas was widely available until recently, allowing the plant to compete with rivals in China, the uncontested global leader in the sector. The risk of a sudden stop is the cause for much handwringing, not just in Tschernitz, but among many German industries that depend on it to fuel their businesses.

The conflict in Ukraine has already caused energy prices to surge, rising by 39.5 percent in March, heaping pressure on industry. Among the most vulnerable sectors were paper, steel and above all, chemicals, according to a study by the LBBW bank.

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