The World's #1 Renewable Energy Network for News, Information, and Companies.

Update: Europe Votes to Adopt China Solar Trade Deal

The European Commission has now voted on what it called an amicable solution to its solar trade case with China.

On Friday the Commission adopted a decision to accept the two sides' agreement on pricing, as well as a regulation exempting participating Chinese companies from provisional anti-dumping duties. Both decisions will enter into force on 6 August.

Chinese companies participating in the agreement will be exempted from paying any anti-dumping duties as of that date, whereas non-participating companies will pay duties up to 47 percent.

While the Commission declined to provide details of the voting, it said it had received “almost unanimous support” from Member States, and that no state had voted against the measure.

Last Week: China and EU Agree on Solar Trade Deal

China’s Chamber of Commerce and Europe’s trade minister Karel De Gucht have announced that a solution has been reached in their spat over solar panel import pricing, averting what neither side wanted to become a trade war.

After clashing “will they, won’t they” rumours at the end of last week, the two sides said on Saturday that they have agreed on an import price, termed a price undertaking, of €0.56/W for Chinese solar panels. An import quota of 7 GW per year was also agreed by both sides. Anti-dumping duties of 47.6 percent, set to go into effect on August 6, will now be averted for Chinese exporters who participate in the voluntary agreement.

China subsequently announced that it will halt what some have termed a retaliatory probe into pricing for imported European wines.

“We found an amicable solution in the EU-China solar panels case that will lead to a new market equilibrium at sustainable prices,” De Gucht said in a statement. “I am satisfied with the offer of a price undertaking submitted by China’s solar panel exporters.

“This is the amicable solution that both the EU and China were looking for,” he continued. “We are confident that this price undertaking will stabilise the European solar panel market and will remove the injury that the dumping practices have caused to the European industry.”

The settlement will now be reviewed by an advisory committee composed of Europe’s Member States before being tabled for approval by the European Commission.

While much of Europe’s solar industry will now breathe a sign of relief, solar trade association EU ProSun says it has filed legal action against the agreement with the EU General Court in Luxembourg. The group has called the agreed-on price “a clear violation of European trade law”, saying it maintains prices at close to current levels, which it sees as dumping.

“The apparent tradeoff between China and the EU is now that these duties shall be suspended in favor of a minimum import price up to a certain quantity, but EU law places strict legal requirements on such a settlement,” said EU ProSun president Milan Nitzschke. “Thus, the Basic Anti-dumping Regulation, Regulation 1225/2009, explicitly provides that a suspension of anti-dumping duties through a price undertaking is permitted only if the minimum price is adequate to remove the injury caused by the dumping to the European industry.” Countering de Gucht’s claim that the agreed price will remove the injury to the European solar market, Nitzschke said that the agreed-on price is “exactly at the level of the current dumping price for Chinese modules.”

“The extension of this action to cover a most unsatisfactory price undertaking is now the logical and required further step,” said Nitzschke. "We are fighting for our rights and for maintaining the high-tech photovoltaic industry in Europe.”

Read more solar energy news here.

Lead image: handshake via Shutterstock

RELATED ARTICLES

Renewable energy jobs

Global Renewable Energy Employment Surges 18 Percent to 7.7 Million

Andrew Burger, Correspondent Ongoing growth in renewable energy investment and deployment is creating jobs worldwide — and lots of them. This job growth is helping governments address a fundamental economic problem plaguing developed and developing cou...
Beach sand

Italian Company Uses Sun-Heated Sand to Produce Energy

Flavia Rotondi and Alessandra Migliaccio, Bloomberg

Italy’s well-known sun and sand form the basis of many beach holidays. An Italian company has also found another purpose for the combination: energy production.

Panasonic Japan solar module manufacturing

Panasonic Ramps Up Japanese Solar Manufacturing to Meet Domestic Rooftop Demand

Junko Movellan, Correspondent Panasonic Corp, a Japanese electronics company, announced that it will expand its domestic solar cell and module production to meet the rooftop solar demand in Japan. The company will invest a total of 9.5 billion yen (US$7...

Renewable Energy Is Beginning To Power Africa

Andrew Burger, Contributor According to the International Energy Agency, sub-Saharan Africa will require more than $300 billion in investment to achieve universal electricity access by 2030. Committing more than $7 billion in U.S. government support ...
Tildy Bayar is a journalist focusing on the energy sector. She is a former Associate Editor on RenewableEnergyWorld.com and Renewable Energy World magazine.

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

Sponsor/Exhibitor: MIREC Week 2015

Solectria, Pillar, and Variadores together are co-Silver Sponsors! Come ...

More Power, More Profit Tour - San Diego

Register for the SMA More Power, More Profit Tour for free, in-person sa...

COMPANY BLOGS

Can We Just Allow Florida To Be The Sunshine State?

We attended Solar Power Southeast, a regional solar show put on by&...

The Outlook for Midwest Solar

Our whirlwind solar conference tour continues! Yesterday we touched down...

Well, Hello There Southeast — We Are Excited To Be Here

We’ve traveled 651 miles into the heart of the Deep South to atten...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS