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EU steps up solar power trade battle with China

Wed, 11/07/2012 - 10:25pm
Reuters

BRUSSELS (Reuters) - The European Union launched an investigation on Thursday into alleged state subsidies for Chinese solar panel manufacturers, intensifying a trade war between the two centered on the multi-billion dollar solar power market.

The EU's executive body is already studying Chinese "dumping" of solar panels, or deliberately selling products for less abroad than at home or at less than cost. It is the largest import sector it has ever targeted for such investigation.

The latest subsidy case followed a complaint by the EU ProSun group of 25 European solar panel companies led by Germany's SolarWorld, the same group that had complained of dumping.

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