November 22, 2017

EU and China reach agreement on solar panels trade

After weeks of negotiations, the EU and China agreed to set a minimum import price for solar panels. The decision comes amid concerns that higher panel prices will take down the European solar market, while European manufacturers are drawing out plans to oppose the decision at the EU General Court. EU Trade Commissioner Karel De Gucht declared he is satisfied with the offer of a price undertaking, a commitment made by exporters to respect minimum import prices, made by Chinese solar exporters. Media reports that the minimum panel price would amount to 56 cents per watt of annual imports from China. This would apply to the first seven gigawatts of imported solar panels, with anything above this threshold incurring an average anti-dumping tariff of 47.6 %. The Alliance for Affordable Solar Energy (AFASE) urged policy-makers to refuse any price increases as it would put European PV installers and project developers out of business.

Source: Business-Review (read more)

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