Friday, June 14, 2024

Chinese photo voltaic corporations pull out of tender after EU anti-subsidy probe


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Two Chinese bidders have withdrawn from a young to provide a photo voltaic park in Romania, the most recent signal that the EU’s new anti-subsidy powers are having a deterrent impact on firms. which Brussels admits to receiving monetary assist from Beijing.

The European fee on Monday stated it had closed an in-depth investigation launched final month after two consortiums bidding for the event of a 110 megawatt photo voltaic park in Romania withdrew. their bids. The mission, which is partly funded by the EU, is being assessed below the bloc’s overseas subsidies regulation.

Brussels has in current months launched a number of such probes into alleged market-distorting subsidies acquired by Chinese firms – together with assaults on Nuctech, a provider of safety tools in China.

The two photo voltaic consortiums that got here out of Romania are a German subsidiary of Longi Green Energy Technology, one of many largest producers of photovoltaic cells and photo voltaic panels, and two European subsidiaries of the Chinese state-backed energy firm Shanghai Electric.

Longi confirmed that it has withdrawn from the method, including that it’s dedicated to its work in Europe to assist the bloc with its local weather objectives. Shanghai Electric didn’t instantly reply to a request for remark.

This is the second time that Chinese bidders within the EU have withdrawn from public tenders after the launch of the anti-subsidy probe, indicating that they’d slightly drop out than share info with Brussels. CRRC Qingdao Sifang Locomotive, a subsidiary of CRRC, the world’s largest prepare producer, additionally withdrew from a public public sale in Bulgaria after the fee launched the same investigation in February.

Thierry Breton, the EU’s inner market commissioner, stated on Monday that the regulation of overseas subsidies “ensures that overseas firms that take part within the European economic system accomplish that in compliance. [by] our guidelines of honest competitors and transparency”.

European photo voltaic producers say an inflow of cheaper Chinese photovoltaics is undermining their manufacturing, with photo voltaic panels costing about half of what they did on the identical time final yr because of oversupply .

Major European photo voltaic producers equivalent to Meyer Burger are closing vegetation or slicing their output. China provides about 95 p.c of the panels used within the EU, in line with think-tank Bruegel.

China’s Chamber of Commerce to the EU stated on Monday it stays involved that the brand new guidelines are “a device of financial coercion below the guise of financial safety” that leaves Chinese firms with no selection. besides to withdraw from “vexatious, dangerous, and unsure. authorized procedures.”

It denied the “selective transparency and doable discriminatory utility” of the brand new EU authorized powers, including that different non-EU entities that participated within the bidding course of for the photo voltaic park in Romania didn’t obtain the identical degree of scrutiny.

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