European Commission Explores Measures Amid Surge in Bankruptcies
In response to a surge in bankruptcies within the EU solar industry attributed to Chinese subsidies, the European Commission is actively considering emergency measures. Talks are underway to address the challenges faced by solar manufacturers in Europe, with potential options ranging from direct financial support to trade defense initiatives.
Early Discussions and Commission’s Official Statement
Insiders familiar with the matter reveal that the European Commission is in the early stages of discussions on emergency measures to support struggling EU solar manufacturers. An official statement addressing the sector’s challenges is scheduled for Monday at the European Parliament in Strasbourg. Concurrently, Members of the European Parliament (MEPs) will deliberate on proposals to fortify the industry.
Potential Measures on the Table
Under consideration are measures such as direct financial support and trade defense initiatives to counteract the impact of Chinese subsidies. The European Solar Manufacturing Council (ESMC), advocating for swift intervention, recently urged Brussels to lead a prompt buyout of solar inventories to alleviate the industry’s dire situation.
Industry in Jeopardy
Johan Lindahl, Secretary General of ESMC, highlights a growing wave of bankruptcies across Europe, citing recent insolvencies of key players like Exasun in the Netherlands and Energetic in Austria. The EU solar manufacturing sector is on the brink of collapse, posing a significant threat to the industry’s future.
Controversies Surrounding Proposed Measures
While the solar industry widely supports direct financial aid and an EU-led bailout, trade defense measures, including an anti-subsidy probe into China’s actions, remain contentious. Past attempts at imposing import tariffs on Chinese solar panels have proven unsuccessful, raising concerns about the potential repercussions of a trade war on the EU solar market.
Sourceļ¼politico.eu
