EU lifts 5-year ban on solar panel imports from China
It said an extension of the measures is not justified.
The European Union has lifted the five-year ban on solar panel imports from China. Previously, the ban was put in place in December 2018 after European solar panel manufacturers complained about the losses from underpriced Chinese imports.
“The Commission observed that the market situation has not changed to the extent that would justify a further extension of the measures now beyond the scheduled 18 months. It, therefore, rejected the EU’s industry request for an expiry review investigation,” the European Commission added.
According to Climate Action, China has more solar energy than any other country in the world totalling a massive 130GW. China produces 60% of the world’s solar panels.
“China is an environmental frontrunner where renewable energy is concerned and they remain the largest investor in this type of energy generation,” Climate Action said.