Publication date:
April 10, 2024
EU Investigates Chinese Wind Turbine Practices for Unfair Competition
The European Union begins an in-depth investigation into Chinese wind turbine firms over potential market undercutting and unfair state subsidies.
Renewables
The European Union has initiated a formal investigation into the competitive practices of Chinese wind turbine manufacturers, amid concerns of market undercutting and substantial state subsidies. This probe comes in the wake of previous experiences with the solar power sector, where similar competitive dynamics raised significant concerns. With Europe's wind turbine market valued at approximately $4 billion, officials are keen to safeguard its integrity and competitive fairness, especially given the strategic importance of renewable energy sources for the region's green transition.