The solar industry's ongoing trade war reached Europe this week after a group of solar companies, led by Germany's SolarWorld , asked the European Union to investigate claims that Chinese rivals had been selling their products below market value in Europe. The request, confirmed by SolarWorld on Thursday, has raised the stakes in continuing disputes within the industry. "We have to recreate a level playing field in the solar business. We have to stop Chinese dumping. Chinese companies are selling their products far below their own production costs, sometimes 50 percent below their production costs. It is hard to compete with that," said Milan Nitzschke, SolarWorld's vice president who is leading the EU ProSun group. "A lot of companies who joined our initiative want to stay anonymous because they fear retaliation, but that is not a reason not to act, it is a reason to act and defend against those threats," he told Reuters. EU ProSun is an initiative which comprises 25 members in Germany, Spain, Italy and other EU countries. German solar module maker Sovello is also part of the initiative. But not all European solar companies back the complaint and many say Europe should welcome Chinese imports because they make solar power more affordable. Europeans against SolarWorld's move say the EU ProSun consortium only represents a fraction of the solar industry. Close to 60 percent of China's solar exports, worth $35.8 billion, were shipped to the EU in 2011 while Europe accounted <b>...</b>
In the News:
Fed Up, Germany's SolarWorld Asks European Union to Investigate Chinese ... International Business Times The solar industry's ongoing trade war reached Europe this week after a group of solar companies, led by Germany's SolarWorld , asked the European Union to investigate claims that Chinese rivals had been selling their products below market value in ... and more » |
Dow blows past 13000 on hope for action in Europe Huffington Post For a second day, the U.S. stock market powered higher after European leaders, including German chancellor Merkel, pledged to protect the union of 17 countries that use the euro. The Dow Jones industrial average blew past 13000, a key psychological ... |
SEC says Chinese firm illegal traded on oil deal Huffington Post NEW YORK — The Securities and Exchange Commission said Friday that it froze assets of Hong Kong traders who bought stock in a Canadian company before a firm owned by the Chinese government announced plans to buy it this week. The SEC said Friday that ... |
2 quit Duke Energy board, say new CEO needed Huffington Post He said during sworn testimony to the North Carolina Utilities Commission that he was prepared to take a leadership role with fewer day-to-day demands until two directors on the pre-merger Duke Energy board approached him in May. The two directors who ... |
Merck, Starbucks, Deckers are market movers Huffington Post The coffee chain cut its outlook for the current quarter citing a slowdown in customer traffic and challenges in Europe. Expedia Inc., up $9.19 at .... Fed Up, Germany's SolarWorld Asks European Union to Investigate Chinese Solar Imports · Play · Sign ... |
Tweets:
Fed Up, Germany's SolarWorld Asks European Union to Investigate Chinese Solar Imports http://t.co/GhAK8f2B
Rat_des_champs
Rat_des_champs
No comments:
Post a Comment