US EditionEU launches probe into Chinese wind turbine maker Goldwind
- On Tuesday the European Commission opened an in-depth investigation into Goldwind Science & Technology under the Foreign Subsidies Regulation, EU competitiveness commissioner Teresa Ribera said.
- European wind turbine manufacturers had sought protection fearing hyper-competitive Chinese firms could hollow out the industry, prompting ex officio action after a request for information to EU turbine makers.
- Preliminary checks found indications that Goldwind may have received grants, preferential loans, or tax breaks from the Chinese state, prompting an in-depth probe by European Commission investigators.
- The investigation will assess whether subsidies from the Chinese state illegally boosted Goldwind's position in the European market, and if confirmed, remedies or corrective measures could be required, while stressing the probe does not prejudge the outcome.
- The Foreign Subsidies Regulation, adopted July 2023, has been used previously in solar, rail and security, but this is the first high-profile wind case, with China’s commerce ministry calling past probes `unreasonable actions against Chinese companies` and Chinese business groups labeling them `discriminatory` and `excessive`.
25 Articles
25 Articles
Chinese Wind-Turbine Maker Goldwind Hit by EU Anti-Subsidies Probe
Chinese wind-turbine manufacturer Goldwind Science & Technology has been hit by an in-depth investigation in the European Union amid concerns that Beijing’s state backing may give it an unfair advantage over European rivals. The European Commission said on Feb. 2 that its preliminary investigation found indications that Goldwind may have received subsidies from Beijing. Such state aid could come in the form of grants, preferential tax and loan m…
Brussels is investigating the Chinese wind power manufacturer Goldwind. The company is said to have collected state subsidies and thus gained competitive advantages. It is not the first allegations of this kind.
The European Union said on Tuesday (February 3) that it has launched an in-depth investigation into China’s clean energy giant Goldwind Technology, citing concerns that the company is benefiting from state subsidies and distorting its competitive relationship with the EU.
The EU Commission is investigating the suspicion of illegal state aid against the Chinese wind turbine manufacturer "Goldwind".
The EU Commission accuses Chinese wind turbine manufacturer Goldwind of illegal state aid. Subsidies from Beijing could have given the company an unfair advantage.
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
