EU probes Chinese wind turbine suppliers - Breaking The News
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EU probes Chinese wind turbine suppliers

EPA-EFE/OLIVIER MATTHYS

European Commission Executive Vice President Margrethe Vestager announced on Tuesday that the European Union is launching an inquiry into Chinese suppliers of wind turbines concerning the development of wind parks in Spain, Greece, France, Romania and Bulgaria.

"We saw the playbook for how China came to dominate the solar panel industry. First, attracting foreign investment into its large domestic market, usually requiring joint ventures. Second, acquiring the technology, and not always above board. Third, granting massive subsidies for domestic suppliers, while simultaneously and progressively closing the domestic market to foreign businesses. And fourth, exporting excess capacity to the rest of the world at low prices," Vestager said, adding that China is using the same tactic in other areas. She said European economies "cannot absorb this" and must act to preserve competitiveness and economic security.

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