• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 15 mins The Most Annoying Person You Have Encountered During Lockdown
  • 25 mins Which producers will shut in first?
  • 7 hours Saudi Aramco struggling to raise money for this year's dividend of $75 billion. Now trying to sell their pipelines for $10 billion.
  • 4 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 4 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 4 hours How to Create a Pandemic
  • 17 hours WE have a suicidal player in the energy industry
  • 5 hours A New Solar-Panel Plant Could Have Capacity to Meet Half of Global Demand
  • 8 hours Death Match: Climate Change vs. Coronavirus
  • 1 hour Breaking News - Strategic Strikes on Chinese Troll Farms
  • 16 mins Where's the storage?
  • 3 hours KSA taking Missiles from ?
Russia Will Ignore Oil Markets In G-20 Video Summit

Russia Will Ignore Oil Markets In G-20 Video Summit

According to a Kremlin spokesman,…

Economic Activity Hits A Decade-Low

Economic Activity Hits A Decade-Low

Economic activity has plunged to…

EU Trade Tariffs Force China PV Manufacturers to Turn to Africa

EU Trade Tariffs Force China PV Manufacturers to Turn to Africa

The anti-dumping tariffs levied against Chinese solar manufacturers exporting to Europe have forced them to finally expand into a new market; Africa.

€21 billion worth of solar panels were exported from China to the EU in 2011, and in an attempt to restrict these dumping activities and any further expansion into the market, the European Commission has decided to impose an 11.8% tariff on all solar products from China. Cleantechnica wrote that according to the Chinese information service, Xinhuanet , the tariffs will leave Chinese solar companies ‘mired in debt and overcapacity’ forcing them to ‘find alternative markets.’

After the EU has effectively shut the door in their face, it is only reasonable, and sensible, that the Chinese PV manufacturers have found a new market in which to focus their attention.

Related article: Buffett Goes After 2nd Solar Farm Bond

Cleantechnica note that China’s PV panel makers are in line to supply most of the $140 million needed to build one of the largest solar power stations in Africa, in Garissa, Kenya. They can then use that project as a base of operations from which to begin their expansion across the continent.

This new move could really benefit China and Africa, who is only just beginning to develop renewable energy infrastructure, and yet who has huge renewable energy potential.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage




Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News