EU OKs China PV spat resolution

EU heads of state have signed off on a deal brokered this summer regarding the importation of Chinese solar panels into Europe, giving the global PV industry a significant measure of certainty as it prepares for a new year.

The European Council has not only approved the “price undertaking” struck this summer by Brussels and Beijing in response to the EU’s anti-dumping investigation, but also agreed to sweep 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 ($0.76) per Watt price floor. However, as nearly 100 Chinese module exporters – Log in to read complete article.

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