EU to reduce import cost of Chinese solar panels

EU to reduce import cost of Chinese solar panels

To help Europe achieve its renewable energy goals, the EU has decided to eliminate anti-dumping tariffs on Chinese solar panels. As a result, the EU anti-dumping and anti-subsidy measures will expire on 3 September after being in place for five years.

The EU executive decided to impose the trade defense measures in 2013, accusing Beijing of selling subsidised panels below cost in Europe. But any new extension would have gone against the Union’s interest, the EU explained, saying it would hurt importers and consumers.

In addition, the EU’s commitment to achieve at least a 27% share of renewable energy consumption by 2030 could be hampered if the tariffs remained in place.

“A new solar age” in Europe

The EU’s move was hailed by trade association SolarPower Europe, which called it “a watershed moment” that will “unleash a new solar age in Europe”.

“The EU’s move to end the trade measures is unquestionably the right one for Europe, we expect to see a significant increase in solar jobs and deployment, which will only propel the energy transition in Europe,” said Dr Christian Westermeier, President of SolarPower Europe.

“The trade measures have made solar much more expensive than necessary in Europe , by removing them, solar will now be cheapest form of electricity in many EU countries – this means that many more consumers and national governments will be able to invest in solar,” said James Watson, CEO of SolarPower Europe.

Photo credit: [EPA/HOW HWEE YOUNG]

An aerial view of the Datong Panda Power Plant where solar panels are placed to form the pattern of a panda in Datong, Shanxi Province of China. 

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September 5, 2018