Almost two months after Eu ProSun, a new sustainable solar energy initiative to maintain a sustainable and vibrant solar manufacturing base in Europe, complained of unfair Chinese practices in the solar market, the European Commission has decided last 6th of September to start an investigation and to come to a decision on anti-dumping duties.
Milan Nitzschke, President of EU ProSun, the Sustainable Solar Energy Initiative for Europe said: “The European Commission took a big step today to save Europe’s green tech sector and broader manufacturing base. Chinese companies are selling solar products in Europe far below their cost of production, with a dumping margin of 60 % to 80%. This means that Chinese solar companies are making enormous losses, but are not bankrupt because they are bankrolled by the state. Such practices have led to over 20 major European solar manufacturers going out of business already in 2012 alone. If China destroys the EU solar industry where labour accounts for less than 10% of production costs, then virtually all European manufacturing sectors and jobs are under threat.”
Although solar panels manufacturing costs are dropping down thanks to technological advances, nowadays China is still capturing around 80% of the European market due to the dumping of subsidised Chinese production. If anti-dumping measures are imposed, not only Chinese monopoly would be stopped, but European solar market would also maintain, creating more jobs and helping to the growth of the European solar industry.
Nitzschke concluded: “EU ProSun calls on the EU to impose anti-dumping duties to restore fair competition and create a level playing field with China as soon as possible. If the EU acts quickly, we have a chance to maintain a sustainable solar manufacturing base in Europe.”
Tags: china solar energy, china solar industry, eu prosun, european solar energy platform, european solar industry, solar energy eu, solar energy europe, solar energy UK, solar industry europe, solar panels eu, solar panels europe, solar panels uk