If you've no account register here first time
User Name :
User Email :
Password :

Login Now
China EU US flags

Chinese Solar Eyes US Market After EU Agreement

China EU US flagsEuropean officials announced a trade settlement that avoids proposed harsh tariffs for Chinese solar panel makers – and actually sets the minimum price at 25 percent lower than when the case began.

European trade commissioner Karel De Gucht described the agreement, setting the panel price at €0.56 ($0.74) per watt as “an amicable solution.” The settlement still needs European Commission approval, CNN reports.

The deal angered European solar panel makers. Meanwhile in China, industry consolidation is likely to continue as predicted, with the makers of the cheapest panels falling by the wayside while big companies like Trina benefit, the New York Times reports.

The agreement will also limit Chinese solar panel sales in Europe, forcing the manufacturers to push harder for sales in the US, Japan and at home, Reuters says. IHS analyst Glenn Gu said shipments of Chinese panels to the US could reach 2 GW this year.

Tamar Wilner is Senior Editor at Environmental Leader PRO.

Embrace Big Data
Sponsored By: UL EHS Sustainability

  
EHS Special Report
Sponsored By: Environmental Leader

  
Choosing the Correct Emission Control Technology
Sponsored By: Anguil Environmental Systems

  
Become a More Effective EHS Leader for Your Retail Business
Sponsored By: VelocityEHS

  

Leave a Comment

Translate »