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eu and china on verge of solar energy price war?
by：LCD Mall
2020-09-02
\"I suggest that the European Commission and China address this issue through communication, rather than resorting to counter-
Merkel told reporters in her two lawsuits Thursday morning.
Day trip to China.
\"There\'s still time, so the best thing to do is consult,\" she said . \"
However, Merkel made a different voice on Friday: \"We have not yet come out of the woods.
. . . . . . My request is that everyone should be transparent and they will showdown on how to produce.
\"As China exports solar panels to Europe, tensions between China and Germany are intensifying.
SolarWorld, a German solar panel maker, is leading around 25 European companies to counter it.
Dumping charges against China
They have filed a complaint with the European Commission, which did not decide until next Friday whether to open an investigation into China\'s allegations of deliberately selling panels at prices below fair market value.
Solar panels have become an increasingly popular renewable alternative energy source in the world, with Germany leading the way in this area.
After the Fukushima disaster, Germany proposed a halt to the use of nuclear energy by 2022.
The country has set a world record of producing 22 gigawatts of solar energy, equivalent to 20 nuclear power plants, more than half the country\'s energy quota.
Europe is currently the world\'s largest solar market, accounting for 60% of China\'s solar exports, valued at $35.
8 billion according to data released by major solar manufacturers in China.
Competition from China forced European manufacturers to halve the price of solar panels, causing several companies to go bankrupt.
The United States has taken similar measures to the investigation proposed by the European Commission,
Dumping duties of 31 to 35% on Chinese solar panels.
Earlier, the US Department of Commerce may have ruled that China deliberately sold panels at prices below market costs.
The ruling came after the bankruptcy of two major US solar panel makers, Solyndra and Abound solar, all citing China\'s competition for their closure.
Chinese manufacturers have been hit hard by US tariffs, causing massive job cuts and soaring supply, further driving down domestic prices.
If the European Commission takes action on the complaint, the companies have called on the Chinese government to respond.
\"We call on the Chinese government to take all necessary and resolute measures to protect the legitimate interests of the Chinese solar industry, \"Yingli Solar CEO Wang Yiyu said at a briefing at the four major solar companies in China-Yingli, Suntech, Trina Solar and Canadian Solar.
\"If the EU follows the precedent of the United States, it will launch a counter
The dumping investigation of Chinese solar energy products will cause a fatal blow to China\'s solar energy industry . \"
\"The investigation will also trigger a trade war between China and the EU, which will cause huge losses to both sides.
Merkel told reporters in her two lawsuits Thursday morning.
Day trip to China.
\"There\'s still time, so the best thing to do is consult,\" she said . \"
However, Merkel made a different voice on Friday: \"We have not yet come out of the woods.
. . . . . . My request is that everyone should be transparent and they will showdown on how to produce.
\"As China exports solar panels to Europe, tensions between China and Germany are intensifying.
SolarWorld, a German solar panel maker, is leading around 25 European companies to counter it.
Dumping charges against China
They have filed a complaint with the European Commission, which did not decide until next Friday whether to open an investigation into China\'s allegations of deliberately selling panels at prices below fair market value.
Solar panels have become an increasingly popular renewable alternative energy source in the world, with Germany leading the way in this area.
After the Fukushima disaster, Germany proposed a halt to the use of nuclear energy by 2022.
The country has set a world record of producing 22 gigawatts of solar energy, equivalent to 20 nuclear power plants, more than half the country\'s energy quota.
Europe is currently the world\'s largest solar market, accounting for 60% of China\'s solar exports, valued at $35.
8 billion according to data released by major solar manufacturers in China.
Competition from China forced European manufacturers to halve the price of solar panels, causing several companies to go bankrupt.
The United States has taken similar measures to the investigation proposed by the European Commission,
Dumping duties of 31 to 35% on Chinese solar panels.
Earlier, the US Department of Commerce may have ruled that China deliberately sold panels at prices below market costs.
The ruling came after the bankruptcy of two major US solar panel makers, Solyndra and Abound solar, all citing China\'s competition for their closure.
Chinese manufacturers have been hit hard by US tariffs, causing massive job cuts and soaring supply, further driving down domestic prices.
If the European Commission takes action on the complaint, the companies have called on the Chinese government to respond.
\"We call on the Chinese government to take all necessary and resolute measures to protect the legitimate interests of the Chinese solar industry, \"Yingli Solar CEO Wang Yiyu said at a briefing at the four major solar companies in China-Yingli, Suntech, Trina Solar and Canadian Solar.
\"If the EU follows the precedent of the United States, it will launch a counter
The dumping investigation of Chinese solar energy products will cause a fatal blow to China\'s solar energy industry . \"
\"The investigation will also trigger a trade war between China and the EU, which will cause huge losses to both sides.
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