Another Solar Company Calling It Quits In Europe

Reuters is reporting:

Japan's Panasonic Corp plans to shut down its sole European solar cell plant next March and dismiss about 500 workers at the factory, the Nikkei reported. 

The Hungarian factory will end production in September, leaving the company with one solar cell plant each in Japan's Osaka and Shiga prefectures and another in Malaysia, the business newspaper said. Equipment from the Hungarian facility will be transported to the other plants, the daily said. 

The European solar energy market is dominated by Chinese suppliers such as Yingli Green Energy. The market has been shrinking due to duties imposed by the European Union on imports of Chinese solar panels.