The European Union on Tuesday announced a probe into Chinese wind turbine suppliers, the latest move by Brussels targeting Beijing over green tech subsidies suspected of undermining fair competition.
The EU wants to ramp up its renewable energy capacity as it aims for net-zero greenhouse gas emissions by 2050, while moving away from excessive reliance on cheaper Chinese wind and solar technology. Photo: Thibaud MORITZ / AFPThe European Union on Tuesday announced a probe into Chinese wind turbine suppliers, the latest move by Brussels targeting Beijing over green
"We are investigating the conditions for the development of wind parks in Spain, Greece, France, Romania and Bulgaria. "It was launched under new rules that came into force last year and seek to prevent foreign subsidies from undermining fair competition in the EU.Chinese wind turbines are currently being offered in Europe at prices up to 50 percent lower than European-made ones, according to the WindEurope industry lobby.
A second probe announced last week targets Chinese-owned solar panel manufacturers seeking to build and operate a photovoltaic park in Romania, partly financed by European funds. "We see this playbook now deployed across all clean tech areas," Vestager argued, taking aim at an aggressive strategy she said was aimed at addressing China's own economic downturn.Renewing EU criticism of the sweeping clean energy subsidies granted under US President Joe Biden's Inflation Reduction Act -- she called on Washington to join forces with the EU to counter China in the field.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The European Union: A Major Global PlayerThe EU has expanded to become a major global player with a combined population of 450 million. Rankings vary, but it is one of the world's largest economies. Ursula von der Leyen is the most recognized face representing the bloc.
Read more »
Tanzania: State Pushes for Union Protection, Emblem for the Union Day Cebrations LaunchedTHE Prime Minister Kassim Majaliwa has said that Tanzanians have every reason to be proud of the country's Union, asking everyone to cherish.
Read more »
EU probes Chinese-owned solar panel firms over subsidiesThe European Union on Wednesday announced investigations targeting two Chinese-owned solar panel manufacturers suspected of receiving subsidies as trade tensions heat up between Brussels and Beijing.
Read more »
Africa: EU Backs AU's Initiative for in-Continent Vaccine ProductionThe European Union intends to support its partner, the African Union, in its ambitious goal of producing 60% of vaccines on the continent for African citizens by 2040, according to Jutta Urpilainen, the European Commissioner for International Partnerships.
Read more »
Man Utd 'Facing' European Ban – Here's WhyMan Utd 'Facing' European Ban – Here's Why
Read more »
Hugo Broos bemoans lack of clinical goal scorers as Bafana held by European minnowsIn their first bit of action since the Africa Cup of Nations in February, Bafana Bafana were frustrated during a 1-1 draw versus Andorra.
Read more »