Longi and Shanghai Electric have withdrawn bids from a public procurement tender for a 110 MW photo voltaic farm in Romania, ending two investigations into whether or not they violated EU guidelines on international subsidies by -participate within the course of.

Thierry Breton, Commissioner for Internal Market, confirmed the closure of two investigations beneath the Foreign Subsidies Regulation (FSR) this afternoon. “The FSR ensures that international firms taking part within the European financial system accomplish that by following our guidelines of honest competitors and transparency,” he mentioned.

Under the phrases of the regulation, firms are obliged to announce public procurement tenders within the EU if the estimated worth of the contract exceeds €250 million ($271 million) and if the corporate is awarded no less than €4 million in international monetary contribution from no less than one third nation within the three years previous to notification.

The contract for the design, building and operation of the 454 MW photo voltaic park in Romania has an estimated worth of round €375 million and is partly financed by the European Union.

The two consortia beneath investigation function Longi’s German subsidiary Longi Solar Technologie GmbH and Romanian engineering agency Enevo Group, and Shanghai Electric UK and Shanghai Electric Hong Kong International Engineering, two models of Shanghai Electric. At the time of the launch of the investigation, the fee mentioned that “there are ample indications that each got international subsidies that distort the inner market”.

In an announcement shared by pv journalLongi confirmed its withdrawal from the tender, including that it’s “absolutely dedicated to working with its companions throughout Europe to supply new clear power options and make sure the achievement of ot Europe’s bold renewable power and local weather objectives.”

“Solar energy is crucial for the financial safety of Europe,” added Breton. “We are investing closely in putting in photo voltaic panels to cut back our carbon emissions and power payments – however this shouldn’t be on the expense of our power safety, our industrial competitiveness and European jobs.”

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