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9/8/12

China Solar Probe A Go In Europe

Chinese solar makers, already hit with duties in the United States, could within nine months face similar trade sanctions in Europe, according to the European Commission, which said today it would launch an antidumping investigation into solar panels and their key components originating in China.

The announcement came in response to a  complaint put forward in July by EU Pro Sun, a group led by SolarWorld, the German company whose Oregon-based U.S. arm has carried the banner in a so-far successful fight against Chinese solar in the United States. EU Pro Sun accuses Chinese companies of selling their products far below cost in the European Union.

The European Commission said the China solar investigation “will take 15 months in total, whereas it is possible according to trade defence rules to impose provisional antidumping duties within nine months, provided there is sufficient prima facie evidence of dumping.”

As in the United States, European solar manufacturers have suffered mightily in the past few years, as China – led by companies such as Yingli Green Energy, Suntech Power Holdings and Trina Solar — has grabbed 80 percent of the market. And the market in Europe is huge, “worth around €21 billion ($26.5 billion) to the EU” in 2011, according to the European Commission, making this what it called “the most significant anti-dumping complaint the European Commission has recived so far.”

Read more: China Solar Probe A Go In Europe | The Energy Collective

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