ABB_id1481
in News Departments > New & Noteworthy
print the content item

EU ProSun, led by SolarWorld, has filed a complaint with the European Commission to investigate what it describes as illegal subsidies provided by the Chinese government to its solar manufacturers. According to the consortium, these subsidies have "fed massive overcapacity."

This request for an investigation of Chinese government support is separate from the recently initiated investigation into possible dumping by solar manufacturers. That investigation commenced earlier this month, based on an earlier complaint by EU ProSun.

"Chinese government subsidies are only available to Chinese companies," notes Milan Nitzschke, president of EU ProSun. "Massive subsidies and state intervention have stimulated overcapacity more than 20 times total Chinese consumption and close to double total global demand.

"Hence, more than 90 percent of Chinese production had to be exported," he adds. "Irrational overproduction on this scale cannot generate profits."

According to EU ProSun, Chinese banks are offering a range of subsidies to Chinese manufacturers, including low-interest rates, loans that are written off if the borrower is unable to pay, credit lines from state banks, and regional and local subsidies.



Hybrid Energy Innovations 2015

Latest Top Stories

U.S. ITC Votes To Uphold Anti-Dumping Finding Against China And Taiwan

Although not unexpected, the decision to uphold a preliminary finding will lead to tariffs on PV products imported into the U.S.


Solar And Wind Drove New Clean Energy Investment Up 12% In 2014

Despite a reduction in Europe's major renewable energy market subsidies and very competitive natural gas prices in the U.S., investment in the global clean energy sector for 2014 registered its first annual increase since 2011.


Study Finds U.S. Solar Jobs Have Grown 86% In Four Years

Despite a leveling out in the cost of photovoltaic power, solar jobs continue to climb in the U.S. far above other sectors.


Xcel's Community Solar Program Creates 'Bite-Sized' Utility Projects

Launched last month, Xcel Energy's Solar*Rewards Community program promises to help build a new segment of the solar market. Project developers and builders near and far are adjusting their business models accordingly.


Utility Commission Order Bolsters N.C.'s Status As A Rising Solar Power

A year-end decision by North Carolina regulators has upheld the state's effective standard order power purchase agreement while codifying a methodology for utilities to use when calculating avoided cost rates.

2015 Buyer's Guide Register
Hybrid Energy Innovations 2015
PV America_id1480
Solectria_id1450