Chinese state-owned Shanghai Electric Power has signed a memorandum of understanding paving the way for a 200 million investment in Malta’s state-owned energy company. The move would be the first step to Chinese module manufacture in the EU.
The predicted catastrophic effects of trade wars on stock prices never materialized on Wall Street. Analaysts offer a cautiously positive outlook on the industry.
The EU Commission has reportedly found evidence that Chinese PV manufacturers benefitted from state subsidies. There will be no provisional duties implemented, however, and the compromised reached in August will remain in place.
Industry representatives in the U.S. are divided over the recent EU-China trade dispute settlement and remain unsatisfied with anti-dumping measures against Chinese imports. The PV sector nevertheless continues to grow.
The manner in which the EU and China negotiated the compromise in the trade dispute and the way it continues to be communicated is a lesson in opacity. The companies and the public have been left in the dark about crucial details of the agreement and its implementation.
Details of the EU-China trade settlement are slowly emerging, but much of the industry remains critical of the lack of transparency and clear answers. China’s leading firms look likely to come out on top.
Anti-dumping tariffs and the recent agreement with China on minimum import prices have removed any possible injury to EU companies, making anti-subsidy duties unnecessary, according to the EC.
The publication of the EU acceptance of Chinese undertakings on minimum prices for solar products was predictably light on detail. The list of participating manufacturers in the trade agreement is more or less comprehensive.
The chief operating officer of Gehrlicher Solar says the EU-China agreement “is of no use to anyone” but nevertheless welcomes an end to the dispute-related uncertainty.
The EC has published details on the negotiated minimum import price it approved on Friday that settled the trade dispute over Chinese modules and cells, but several questions remain unanswered.
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