The European Council has not only approved the “priceundertaking” struck this summer by Brussels andBeijing in response to the EU’s anti-dumping investigation, but also agreed tosweep the parallel anti-subsidy investigation into the same deal.

The deal effectively puts a price floor beneath Chinese modules sold into Europe, as well as implementing an overall annual cap of 7GW on Chinese imports.

A set of highly punitive tariffs will be slapped on Chinese suppliers which do not sign up for the €0.56