"EU Launches Probe into Chinese Wind Turbine Subsidies, Prompting China's Protest"

1 min read
Source: Reuters
"EU Launches Probe into Chinese Wind Turbine Subsidies, Prompting China's Protest"
Photo: Reuters
TL;DR Summary

The EU is launching an investigation into subsidies received by Chinese suppliers of wind turbines for projects in Spain, Greece, France, Romania, and Bulgaria, in an effort to protect domestic firms from cheap clean tech products. This move comes amid increasing competition from Chinese companies in the global wind turbine market, and follows similar tensions in Europe's solar market. The investigation is part of the EU's efforts to counter state aid from foreign actors and ensure fair and open competition in the market.

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