Chinese Solar Firms Hit by EU Probes in New Test of Subsidy Law
- Investigation concerns bidding for Romanian 110MW solar park
- EU increasingly wary of Chinese state’s clean-tech support
This article is for subscribers only.
The European Union started probes into bids by Chinese firms for a Romanian solar park, in the latest test of a freshly minted law aimed at preventing state-funded companies from abusing their financial muscle to fend off EU rivals.
The European Commission said Wednesday it’s investigating ENEVO Group including LONGi Solar Technologie GmbH, a unit of the world’s second most valuable solar energy firm. It also began a separate probe into state-owned Shanghai Electric UK Co. Ltd. and Shanghai Electric Hong Kong International Engineering Co. Ltd. The investigations relate to a 110 megawatt solar park, which is partially financed through the EU.