The European Union (EU) trade commissioner Karel De Gucht announced Tuesday that the EU has decided to impose provisional anti-dumping duties on imports of solar panels, cells and wafers from China.
The European Union trade commissioner Karel De Gucht announced Tuesday that the EU has decided to impose provisional anti-dumping duties on imports of solar panels, cells and wafers from China.
Major Chinese solar panel makers on Thursday protested over punitive tariffs the European Union plans to levy on Chinese-made photovoltaic (PV) products.
The European Commission agreed on Wednesday to slap a hefty 47-percent punitive tariff on solar panels imported from China in an effort to save Europe's struggling photovoltaic industry, but the protective approach would only lead to an unintended disaster.
Leading solar panel maker Wuxi Suntech, a major subsidiary of the New York-listed Suntech Power based in the east China city of Wuxi, declared bankruptcy on Wednesday.
On Tuesday, the Ministry of Finance said it was giving another 1.1 billion U.S. dollars in subsidies to the renewable energy industry, after spending another one billion dollars, in the first half of the year.
China may almost double its upper limit for solar power installed capacity to 40 gigawatts (GW) by 2015 from the current 21 GW, an industry insider said.
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