• 4 minutes Why Trump Is Right to Re-Open the Economy
  • 7 minutes Did Trump start the oil price war?
  • 11 minutes Covid-19 logarithmic growth
  • 15 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 18 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 1 hour America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%
  • 1 hour TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 46 mins Saudi Arabia Can't Endure $30 Oil For Long
  • 4 hours Hillary Clinton tweeted a sick Covid joke just to attack Trump
  • 3 hours Where's the storage?
  • 4 hours Oxford Epidemiologist: Here’s Why That Covid-19 Doomsday Model Is Likely Way Off
  • 10 mins Russia's Rosneft Oil Company announces termination of its activity in Venezuela
  • 12 hours China extracts record amount of natural gas from Gas Hydrates in South China Sea
  • 54 mins Western Canadian Select selling for $6.48 bbl. Enbridge charges between $7 to $9 bbl to ship to the GOM refineries.
  • 9 hours Dr. Fauci is over rated.
  • 29 mins Wait till America opens their Q1 401k Investment Statements and see they have lost 35% of their retirement savings. They can blame the Authoritarian Chinese Communist Party..
  • 2 hours There are 4 major mfg of hydroxychloroquine in the world. China, Germany, India and Israel. Germany and India are hoarding production and blocked exports to the United States. China not shipping any , don't know their policy.
Don’t Believe The Oil Bulls

Don’t Believe The Oil Bulls

Oil prices have rebounded this…

Will Europe Follow the US with High Tariffs on Chinese Solar Panels?

Will Europe Follow the US with High Tariffs on Chinese Solar Panels?

Following the success of their American campaign against Chinese solar panel manufacturers, which has seen the introduction of tariffs of as much as 35% being levied against imported products, SolarWorld is now leading a group of more than 20 European solar manufacturers in a similar action. On Wednesday they made an official trade complaint in Brussels.

Europe is a far larger solar market than the US, with 74% of new global solar capacity in 2011 being installed in Europe. The huge growth that the sector has seen was benefitting European companies, but recently those same companies have been filing for insolvency due to their inability to remain competitive with Chinese competitors. Chinese manufacturers now dominate the EU market.

SolarWorld has made a name for itself as the company that is determined to push back the advance of cheap Chinese solar products, and formed EU ProSun to take up the reigns in Europe. Milan Nitschke, president of EU ProSun and vice president of SolarWorld, said that “Chinese companies have captured over 80 percent of the EU market for solar products from virtually zero only a few years ago. EU manufacturers have the world’s best solar technologies but are beaten in their home market due to illegal dumping of Chinese solar products below their cost of production.”

The EU solar industry is likely to be as divided over this issue as it was in the US. After SolarWorld filed its complaint in the US a group of American and Chinese manufacturers launched the Coalition for Affordable Solar Energy (CASE), arguing that the cheap Chinese panels were helping the industry to achieve its installation targets. As many EU nations are striving to achieve their ambitious renewable energy targets such opposition should be expected as well; due to the boost that cheap PV panels could provide towards these goals.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage




Leave a comment

Leave a comment

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