EU-China solar deal fails to offer dumping protection
September 11, 2014 Category Alternative energy, Environment
The European Union’s deal to end a trade dispute over solar panels with China risks creating a downward spiral of prices, further damaging the EU producers it is designed to protect. The EU agreed a year ago to allow up to seven gigawatt per year of Chinese solar panels imports free of duties at a fixed minimum price of €0.56 per watt. However, that undertaking includes a potential change to the minimum price each quarter, based on a solar module price index compiled by Bloomberg. The price was cut to €0.53 euro in April. China’s Chamber of Commerce for Import and Export of Machinery and Electronic Products in July wrote to the European Commission seeking to clarify certain aspects of the undertaking. EUProSun, which represents about 40% of EU producers including Germany’s SolarWorld, said the chamber’s clarification was in fact a rewriting of the deal and would result in a continuous decline in prices in Europe. China wants currency fluctuations to be taken into account.
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