Index Investing News
Wednesday, June 10, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

EU considers anti-subsidy probe into Chinese wind turbines

by Index Investing News
October 6, 2023
in Economy
Reading Time: 4 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Stay informed with free updates

Simply sign up to the EU-China relations myFT Digest — delivered directly to your inbox.

Brussels is considering whether to investigate China’s use of subsidies to promote the country’s wind turbine manufacturers, a leading official said on Friday, despite the angry reaction from Beijing over a similar probe into electric vehicles.

Didier Reynders, the acting competition commissioner, said cheap Chinese imports could threaten European businesses.

“In the wind energy sector there are components that could be in competition with Chinese components. If there is a possibility of too much aid on the Chinese side . . . we could open an investigation in the same way [as electric vehicles],” he told France’s BFM TV.

Europe’s wind power companies have been lobbying for more support, arguing that cheap Chinese imports are pushing their own turbine manufacturers to the brink of collapse.

The move could come this month, three EU officials told the FT, as part of broader proposals aimed at boosting Europe’s wind industry.

Didier Reynders © AFP via Getty Images

It would be the second significant action against China is as many months, after commission president Ursula von der Leyen said in September Brussels would look into unfair practices in the electric vehicle market.

The move to challenge China’s increasing sales of electric vehicles in Europe prompted an angry response from Beijing, which called it a “naked protectionist act”.

A senior EU official said “sufficient elements” warranted a similar investigation into wind turbine parts. But the official acknowledged Brussels was concerned about retaliation.

“They already thought something announced in the speech of the president was too high,” the official said. “They will digest [the electric vehicles] one and adapt. If we add another, they might be really angry.”

The discussions come amid a planned visit to China over the coming days by Josep Borrell, the EU’s foreign policy chief, and Kadri Simson, the bloc’s energy commissioner.

The commission declined to comment.

Thierry Breton, the EU’s internal market commissioner, in September called for an anti-dumping or anti-subsidy investigation into wind turbines made in China.

“Chinese wind equipment manufacturers have been implementing an aggressive strategy to enter European markets,” he wrote, adding that Chinese manufacturers were offering European project developers steep discounts and the option to defer payments for up to three years.

Leading Chinese wind turbine manufacturers include Goldwind, Envision, Mingyang and Windey.

Brussels has already imposed tariffs on Chinese companies’ glass fibre fabrics, which are used in wind turbine blades. Industry concerns that the EU has become too dependent on Chinese green technologies have risen in recent years.

“[The region’s clean technology] will be manufactured outside of Europe, and Europe will simply swap its dependency on Russian gas for one on Chinese clean energy equipment,” WindEurope, a trade body for European industry, said earlier this year.

Recommended

The world’s first offshore wind farm using the largest 16MW turbines

Another senior EU official said von der Leyen had started to back a strategy of supporting domestic industry and keeping out some Chinese imports.

“Without European manufacturing capacity, we don’t have control,” they said, adding that, without measures, the EU’s Green Deal of zero emissions by 2050 would be impossible to honour. “The president is starting to get it.”

Giles Dickson, chief executive of WindEurope, said broader proposals to boost the industry were being “actively discussed” by the commission and the sector. “You know what other tools [Chinese manufacturers] have at their disposal . . . [EU officials] know what we are up against,” he said, without explicitly referring to an anti-subsidy probe.

The broader proposals are set to include guidance to member states on providing direct financial support to the industry and improving auction designs for wind farms.



Source link

Tags: antisubsidyChineseConsidersprobeturbinesWind
ShareTweetShareShare
Previous Post

EU to loosen new rules on EV sales in attempt to defuse row with UK

Next Post

Kelly Ripa & Mark Consuelos Hilariously Call Out Neighbors Who Made Noise Complaint Against Them

Related Posts

The Self, the Crowd, and Social Contagion (with Luke Burgis)

The Self, the Crowd, and Social Contagion (with Luke Burgis)

by Index Investing News
June 8, 2026
0

0:37Intro. Russ Roberts: Today is April 28th, 2026, and my guest is author Luke Burgis. His latest book is The...

At The Money: Grab Your Summer Rental Soon Now!

At The Money: Grab Your Summer Rental Soon Now!

by Index Investing News
June 4, 2026
0

     At The Money: Grab Your Summer Rental Soon!! (June 3, 2026) It’s not too late to get...

Sam’s Links: May Edition – Econlib

Sam’s Links: May Edition – Econlib

by Index Investing News
May 31, 2026
0

Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication...

Transcript: Vimal Kapur, Chairman and CEO of Honeywell

Transcript: Vimal Kapur, Chairman and CEO of Honeywell

by Index Investing News
May 27, 2026
0

https://www.youtube.com/watch?v=sVqE7bsmtA0https://www.youtube.com/watch?v=sVqE7bsmtA0     The transcript from this week’s MiB: Vimal Kapur, Chairman and CEO of Honeywell, is below. You can...

Development by Consent – Econlib

Development by Consent – Econlib

by Index Investing News
May 23, 2026
0

March 2026 marked the 250th anniversary of the publication of An Inquiry into the Nature and Causes of the Wealth...

Next Post
Kelly Ripa & Mark Consuelos Hilariously Call Out Neighbors Who Made Noise Complaint Against Them

Kelly Ripa & Mark Consuelos Hilariously Call Out Neighbors Who Made Noise Complaint Against Them

Binance Introduces Dedicated Domain for UK Users

Binance Introduces Dedicated Domain for UK Users

RECOMMENDED

Solheim Cup 2023: Who will play together for Team Europe as they chase historic three-peat in Spain | Golf News

Solheim Cup 2023: Who will play together for Team Europe as they chase historic three-peat in Spain | Golf News

September 19, 2023
I’m a 60-year-old bodybuilder who started sport in jail – here’s simple method that helped me to 6 Mr Olympia titles

I’m a 60-year-old bodybuilder who started sport in jail – here’s simple method that helped me to 6 Mr Olympia titles

April 22, 2023
Cipher Temporary Specialists Weigh In

Cipher Temporary Specialists Weigh In

November 8, 2024
Recession odds fall, a bit

Recession odds fall, a bit

July 6, 2023
Brawl defenders embody broader Black resolve

Brawl defenders embody broader Black resolve

August 12, 2023
France turns up heat on Brussels to address farmer protests

France turns up heat on Brussels to address farmer protests

January 30, 2024
Russia and China show nice powers may be good neighbors – Lavrov — RT World Information

Russia and China show nice powers may be good neighbors – Lavrov — RT World Information

October 3, 2024
Kings win first home playoff game in 17 years

Kings win first home playoff game in 17 years

April 16, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In