EU to Impose High Import Duties on Chinese Made Solar Panels

In our article Are Prices of Solar Panels Going to Fall or Rise we looked at how Chinese-made PV solar panels have been flooding the European market driving prices down. Over the last few years, Chinese manufacturers have snapped up 80% of the $30bn+ annual European market for solar products.

The European Commission, interested in protecting German and other struggling European solar panel manufacturers, has been looking into this and are considering levying punitive tariffs on solar panel imports from China to stop Chinese manufacturers dumping their government subsidised panels in the European market at unfair prices.

Chinese made PV panels are currently almost half the price of European made panels and so the import duty is likely to be set at from 40-50% bringing Chinese and European panel prices in line with each other, and therefore increasing the price of solar products to the consumer considerably.

Provisional levies could come into force on 6th June 2013 before negotiations with Beijing on a long term levy structure. The USA put import duties on Chinese solar energy products back in 2012 to protect their market from oversupply.

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